In economics, a person who is able and willing to work at a prevailing wage rate yet is unable to find a paying job is considered to be unemployed. The unemployment rate is the number of unemployed workers divided by the total civilian labor force, which includes both the unemployed and those with jobs (all those willing and able to work for pay). In practice, measuring the number of unemployed workers actually seeking work is notoriously difficult. There are several different methods for measuring the number of unemployed workers, each with its own biases, making comparisons between methods difficult.
The history of unemployment is the history of industrialization. It was not considered an issue in rural areas, despite the "disguised unemployment" of rural laborers having little to do, especially in conditions of overpopulation.
The terms unemployment and unemployed are sometimes used to refer to other inputs to production that are not being fully used — for example, unemployed capital goods.
Patent Judgments Questioned in Appointment Flap Sat, 10 May 2008 10:38:00 -0400 As many as two-thirds of United States patent-law judges may have have been appointed in a way that violates the Constitution. Phliadelphia Police Suffer Loss, Scrutiny Sat, 10 May 2008 10:37:00 -0400 Police in Philadelphia are having an especially tough week. First, one of their officers was fatally shot while responding to an armed robbery. Then, in an unrelated incident, three other officers were caught on videotape beating three suspects. Week in Review: Obama Surges Forward Sat, 10 May 2008 10:26:00 -0400 This week presidential hopeful Barack Obama made significant progress in his bid to be the Democratic nominee. Also this week, President Bush promised to veto a farm bill and a housing aid bill.
The Talk of the Town
Word Feast Lauren Collins Mon, 05 May 2008 04:00:00 -0000 When Christopher Russell, a captain at Gramercy Tavern for many years, went to work at Union Square Café, where he is now the general manager, he decided to import a few traditions. (Both restaurants are owned by Danny Meyer.) He banished wordy descriptions from the wine list and switched from . . . The Open Secret of Success James Surowiecki Mon, 05 May 2008 04:00:00 -0000 In the current atmosphere of economic tumult, the announcement that Toyota sold a hundred and sixty thousand more cars than General Motors in the first three months of this year might seem like a minor news item. But it may very well signal the end of one of the most . . . No Endgame Elizabeth Kolbert Mon, 05 May 2008 04:00:00 -0000 Presidential-primary races tend to proceed along self-reflexive lines. The candidate who is ahead--or who is perceived to be--receives more press coverage. He collects more contributions and endorsements, and these generate still more media attention, which brings in more money, more votes, and so on. Meanwhile, his . . .
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As unemployment rises what is the Government going to do? Deputy Gilmore raises growing unemployment during Leaders' Questions today in the Dáil, April 8th, 2008
13 weeks of extended unemployment benefits in every state to workers exhausting regular unemployment compensation. In states with higher levels of unemployment (6% unemployment insurance rate)
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