Question

Please use your own experiences and the knowledge you have gained from this week’s readings to answer the following topics and questions. You may also use information that you find in the textbook, AIU’s library or the Internet to support your discussion. Make sure you use economic concepts in your main contribution.

In your contribution to this week’s Discussion Board, you will discuss how you are affected by unemployment, one of the country's biggest macroeconomic policy concerns. Address both of the following in your discussion:

1. Explain an experience that someone you know, including yourself, had with unemployment. Think about the reason for the unemployment, and how long it lasted.
   • The following is a list of possible causes for unemployment. Choose the one that most closely fits your experience.
   • Be sure to explain.
     • Seasonal
     • Recession
     • A change in technology
     • Your company relocated and laid off workers
     • Other
2. Did you or your acquaintance take a part-time job or a job for which they were overqualified to ensure they would have an income?  
3. Over the last 7 years, the national unemployment rate has dropped steadily. How has that affected you? Please explain.

Answer 1

Unemployment is one of the biggest concern for the country. The statistics of the unemployment in India is diffuse by the Ministry of Labour and Emplyment once at every five year.

According to my personal experience, The case which i would like to share of seasonal unemployment . My fellow one use to do job in the Park as the park cleaner, in the winter season the visit of the individuals is very less and there is no much dirt takes place in parks, so they face a seasonal unemployment ( when the demamd of the work fluctuates or changes due to change in the seasons ) the follwing challenges faced by an individual due to seasonal unemloyment are as follows ; 1. people are jobless half of the time .2.workers are force to leave once place in the search of more secure jobs. 3. individual face problems to fulfill their basic needs due to their low-level income.

Seasonal Unemployment is a Big macro economic policy concern because 1. it causes loss in production which leads to increase in poverty rate in the country 2. youth chooses a wrong way to earn money which lead to increase in the crimes rate in the country and decreases the growth of the economy..