1. Conduct a research review of the published literature and write a concise summary and evaluation of the research that is related to unemployment. The review should contain a description of...

Economics
Macroeconomics
Literature review on unemployment
Economics
Abstract
Unemployment has for long been a bane for several economies. The literature on
unemployment shows that there needs to be control on unemployment in order to ensure better
standards of living. Economic growth and several other projects can help reduce unemployment
ates. It is stated that entrepreneurship should be promoted in order to reduce and control
unemployment rates in an economy. Moreover it is also essential that there be appropriate
policies formulated by governments in order to control unemployment.
Economics
Introduction
Unemployment refers to a situation where a person is willing to work but does not get
enough opportunities that are suitable as per the experience and qualification of an individual.
There are two main reasons that lead to unemployment (Dessler, Cole Goodman & Sutherland,
2008). This includes lack of entrepreneurship and economic development as well as there being a
gap between the required skills for employment and the skills possessed by the individuals
looking for employment. In this way employment can be defined as individuals willing to work
and be employed not being able to find sufficient opportunities in the economy (James R.
Markusen, 2002).
Literature review
Franklin D. Roosevelt feels that mass unemployment is a threat American freedom as
mass unemployment can lead to obstacles in economic development. More people are employed
in now than at any time in the past 50 years (Martin, J. And Flellenz, 2010). The unemployment
ate in is higher now than it has been in 50 years. This is so because when we quantify the
number of people employed it is possible to have a number that is higher than that in the past 50
years (Gavetti, G, & Rivkin, J.W, 2005).
Yet, there could be a significant rise in the population and the unemployment rate is a
percentage out of the total population and is calculated in proportion of the total population. So,
it can also be higher than that in the past 50 years. All of this impacts the economy and hence it
ecomes essential to control the unemployment rates. The main reason for contrasting views is
that unemployment results in lack of economic stability (Dessler, Cole Goodman & Sutherland,
2008).
Economics
Unemployment results in poverty. It results in lack of income and also leads to decline in
economic growth rates. Unemployment also results in slow down or decrease in rates of GDP
which are an extremely important an indicator of growth of an economy. Gross Domestic
product (GDP) refers to the measure of economic output of a nation. GDP refers to the market
value of all final goods and services produced within a country in a given period. It reflects the
stage of the overall business cycle (Dessler, Cole Goodman & Sutherland, 2008).
Unemployment rates in the large continental EU countries are so much higher than in the
US due to there being higher restrictions on expatriates and very strict rules resulting in
employees not being able to find jobs in other nations. Moreover the problems of language and
culture also cause hindrances (James R. Markusen, 2002).
The government gets its money from several sources for a social program such as
unemployment checks which includes revenue from private firms, revenue from fines and other
activities including donations and loans or issue of government bonds apart from taxes. This is
not available to...