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You're Unemployed: Is It Your Fault?

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You're Unemployed: Is It Your Fault?

  1. YOU’RE UNEMPLOYED : IS IT YOUR FAULT?
  2. NOT ALWAYS Let’s elaborate on this with a discussion of the basic and specific types of unemployment.
  3. Involuntary – You got laid off and you need to look for a new job. Unemployment can be broken down into two primary types: Voluntary – You quit your job to look for a new one. Now let’s be more specific.
  4. You’re unemployed because you need time to look for a (or another) job. FRICTIONAL Unemployment1
  5. Move to a new city or country Frictional unemployment occurs when you: Quit your job to look for a better opportunity Graduate from school
  6. CyclicalUnemployment2 You’re unemployed because the company doesn’t currently have a high demand for work.
  7. Case in point: Source: Reuters Malaysian Airlines MH17 was shot down in Ukraine in July 2014 Company Loss MH370 disappeared in March 2014 Huge layoff as part of business revamp
  8. StructuralUnemployment3 You are unemployed because your skills, experience and qualifications don’t match existing job opportunities.
  9. Factors that cause structural unemployment Technology You know manual bookkeeping but the company prefers a QuickBooks expert Location You’re in Florida but the hiring is happening in California Experience You know PHP but the IT company only hires applicants with experience
  10. SEASONALUNEMPLOYMENT4 You’re unemployed because your services are not needed all year round.
  11. Examples of seasonal jobs Gift wrappers during Christmas holidays Ski staff in winter Theme park attendants in summer
  12. Slappy White, The Mammoth Book of Zingers, Quips, and One-Liners “The trouble with unemployment is that the minute you wake up in the morning, you're on the job.”
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