Different Types of Unemployment

1. Frictional Unemployment:

· This is unemployment caused by people moving in between jobs, e.g. graduates or people changing jobs. There will always be some frictional unemployment.

Economics

· Also high benefits may encourage people to stay on benefits rather than get work this is sometimes known as "voluntary unemployment"

Different Types of Unemployment

2. Structural Unemployment

This occurs due to a mismatch of skills in the labour market it can be caused by:
a) Occupational immobility's. This refers to the difficulties in learning new skills applicable to a new industry, and technological change.

b) geographical Immobility's. This refers to the difficulty in moving regions to get a job.

c) Technological Change. If there is the developments of labour saving technology in some industries there will be a fall in demand for labour.

d) Structural change in the economy. The decline of the coal mines due to a lack of competitiveness meant that many coal miners were unemployed and they may find it more difficult to get jobs in new industries such as computers

3. Classical or Real Wage Unemployment:

This occurs when wages in a competitive labour market are pushed above the equilibrium. This is sometimes known as "disequilibrium" unemployment. Wages will also be sticky downwards. This could be caused by minimum wages, or trades unions

4. Demand Deficient or "Cyclical Unemployment"

This occurs when the economy is below full capacity. E.g. in a recession when AD falls there will be a fall in output, therefore firms will employ less workers because they are producing less goods.

5. Seasonal Unemployment

Unemployment tends to be higher during certain times of the year, either in summer or winter depending on the country. The UK government actually produce a seasonally adjusted unemployment figure to take this into account.

Different Types of Unemployment

More: Macro Economics Essays

Richard Pettinger studied Politics and Economics at Lady Margaret Hall, Oxford University. He now works as an economics teacher in Oxford. He enjoys writing essays on Economic and he edits a site - Economic Help and updates a blog on the UK economy http://www.economicshelp.org/blog

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Four Network Marketing Business Tips To Help You Succeed

A few effective network marketing business tips can help you take your network marketing business to the top and gain secure footing there. No doubt, succeeding at network marketing is not easy, but at the same time in can be rewarding in the end. So if you want to position yourself as a leader and succeed, then you should consider the following tips.

1. Getting into a business mindset

This is one of the most important network marketing business tips. Getting into the business mindset does not mean that you should only think about yourself and what you are looking to accomplish. Instead, you should always keep your prospects first because this is the only way you will be able to convert them into your leads. That is, by knowing what your prospects want and how to present a solution to them.

2. Targeting the right prospects

Rejection is a part of this relationship business, but if you want to avoid rejection, it is best that you target prospects who will actually be interested in what you have to offer. This means that you will have to identify your target niche market and narrow it down to a relevant group of prospects who will truly benefit from what you are offering. Your marketing goal should be to focus on that specific target market.

3. Using a tried and tested MLM system

Leveraging a tried and tested MLM system is another important tip for building your business. A proven MLM system will organize your marketing endeavors and will make it easier for you to market the benefits you claim you can help your prospects achieve.

4. Using the Internet as leverage

While you can generate leads and building a MLM mailing list following both online and offline strategies, the global reach that the Internet will grant you can certainly not be compared. This is why you should take advantage of the Internet not only for generating leads, but to market your network marketing business as a whole. Although, keep in mind that the entire Internet is now your market. Also, the Internet should be leveraged as a tool to help you expand your business and you should always have multiple channels of marketing working for you at the same time.

If you follow these network marketing tips, then not only will it boost your MLM lead generation but will lead you to success for your network marketing business.

Felix Mack is an entrepreneur, technology enthusiast, and home business developer who enjoys helping others establish a successful home based business with a winning online marketing strategy.

You are invited to download his free report, The Never Ending MLM Prospects Formula at www.HowToRecruitForMLM.com

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