Man can participate in various economic activities and produce certain material values not being a part of the labor market. In this case we can talk about those who are active in their households. This is a specific case of economic activities since it lies beneath bureaucratic state as well as free market. Nevertheless, households involve considerab... read more

Event 1:

If the government passes a law allowing states to pay unlimited unemployment benefits to all unemployed for an unlimited amount of time, it will influence workers’ lives, as well as firms’ operation a lot. Firstly, this incentive will affect worker’s incentive to produce. It does not stimulate production and hence empl... read more

The Bureau of Labor Statistics calculates six alternative measures of unemployment, U1 through U6. They differ in the duration of unemployment and some other aspects. Nevertheless, there is no data of the duration, so only U6 can be calculated.

Unemployment rate can be calculated by dividing the number of unemployed individuals by ... read more

Introduction

The human resources are one of the most important earnests of any company’s success. The labor market nowadays is highly volatile, so it reacts to the demands of economy immediately. The potential employees usually try to broaden their knowledge and skills in order to be competitive at the labor market and get the best... read more