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Causes of Unemployment

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Identify and describe four causes (i.e., types) of unemployment. Discuss why some workers are more likely than others to be laid off or have a harder time finding another satisfactory job.

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This solution identifies and describes four causes of unemployment. I also discuss why some workers are more likely than others to be laid off or have a harder time finding another satisfactory job.

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1. Economic downturn/recession - During this type of unemployment period, companies are laying workers off due to tightening financial conditions. When economic conditions begin to slow, companies often lay employees off first, in an attempt to save money. This causes the unemployment rates to soar.

2. Technological advances - As we have become more advanced, a high percentage of unemployment has been caused by machines and other forms of technology that actually are designed to replace ...

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