1. Economic Labor Markets and Unemployment
Unemployment is a serious issue within any economy, becoming arguably the most measured and discussed economic indicator. ... Unemployment, particularly the unemployment rate, is often the most cited measure of the health of the economy. ... Structural unemployment. ... " Finally, another major type of unemployment in the Australian economy is cyclical unemployment. ... " So, though cyclical unemployment may fall in times of economic boom, as it did in 2007, long-term unemployment will rise, with, at the same time as the 200,000 vacancies being available, 450,000 people were '...
- Word Count: 1436
- Approx Pages: 6
- Grade Level: Undergraduate