Little description of one of the most important issue in our world.

1. Unemployment
Marco Laera

2. Contents
1. Definition
1.1 Measure
1.2 Type of Unemployment
2. Cost of Unemployment
3. Data

3. 1.
Definition
Unemployment occurs when a
person who is actively searching
for employment is unable to find
work

4. 1.1
Measure
𝑈𝑛𝑒𝑚𝑝𝑙𝑜𝑦𝑚𝑒𝑛𝑡 =
𝑛𝑟. 𝑜𝑓 𝑢𝑛𝑒𝑚𝑝𝑙𝑜𝑦𝑒𝑑
𝑛𝑟. 𝑜𝑓 𝒍𝒂𝒃𝒐𝒖𝒓 𝒇𝒐𝒓𝒄𝒆
∗ 100

5. Labour force is defined as
◎ Age: between 15 and 65 years old
◎ Who is not disable, or incapable to work
◎ Seeking for a job
Child Student

6. 1.2
Type of unemployment
Frictional
Unemployment due to the
natural frictions of the
economy.
Individuals who change jobs
Structural
Unemployment due to
structural
changes in the economy that
eliminate some jobs and create
other
Seasonal
Unemployment due to
seasonal trends
Cyclical
Unemployment due to
contractions in the economy

7. 2. Cost of
unemployment
Psychological costs
◎ Problems for the social insurance system
◎ Inefficient as a production factor is not used
◎ Increase of social problems, crime
Economic costs
◎ For the individual, the
greatest economic cost of
unemployment is lost income.

8. 3.
Data

9. 60.80MPopulation
11.70%Unemployment rate
2664.00mUnemployed
Italy
81.20MPopulation
2986.07m Unemployed
4.20%Unemployment rate
Germany

10. Thanks!
Any questions?