Unemployment occurs when a person is actively seeking work, and is currently without work. When it comes to work, there are three types of people. Those who have a job, those who want a job, and those who don’t want to work. The people who want a job but can’t find one they are willing to accept are the unemployed.
- Inside the Macroeconomic Mindset
- The Employment Reality: 'It's So Much More Complicated'The job market is a scary place right now, with high unemployment figures for both teens and adults. The President’s Council on Jobs and Competitiveness is working to change that reality by helping young job seekers who, say their peers, are ready and able to take on new challenges and make a difference in the technology-driven global economy.
- Can You Find Economic Security in Today’s Tough Job Market?In today’s unforgiving labor market, students need some intel on how they can make themselves more employable. Economists and career counselors weigh in on the importance of credentials, technology and, yes, loving what you do. If you want to repair bicycles, your prospects look good – but your salary, not so much.
- The Greatest Risks Facing Our World EconomyKelsey Juliana, a high school student from Oregon, has been in the news of late for her fight to protect natural resources from the effects of global warming. Climate change, as it turns out, is one of the five most likely risks threatening our world economy in 2014, according to a World Economic Forum report released the week of January 13, 2014, the same week Juliana brought her case in front of the Oregon Court of Appeals. The risks report set the stage for the World Economic Forum’s annual meeting in Davos, Switzerland, that began January 22.
- Why Germany Is the Driving Force in the EurozoneWhen you hear about how the eurozone is struggling economically, news reports often ask: What does Germany think or what is Germany doing? You may wonder why Germany is so important for the eurozone. The simple answer: Germany is the biggest economy of the 19 nations that use the euro as their currency, and that makes stalwart Germany the driving engine in the European Union.