The paper "Job Finding and Unemployment" is a wonderful example of a report on macro and microeconomics. The repercussion of unemployment remains the most serious problem in the modern world and society in general. In general, unemployment remains one of the major trouble-causing various economic challenges internationally and with either the leaders in the international or national levels in the developing economy paying very little or no attention to the ever-rising unemployment rates. Every year, international organizations such as the International Monetary Fund and World Bank compile levels of unemployment globally and the results turn out to be quite devastating.
Such international financial institutions appreciate and acknowledge the fact that unemployment is the major cause of poverty and poor living standards in most societies (Petrongolo & Pissarides, 2008). This is because it is a well-known fact that most employed people earn a salary that helps them buy the goods and services they desire and hence access other services such as healthcare and education. Most unemployed individuals find it very difficult to provide for their families and those depending on them and this situation may lead to many unforeseen or rather unwanted problems such as malnutrition, poor health services, and poor education.
At extreme levels, unemployed individuals may try to engage themselves in criminal activities to earn money for their families or even feel distressed and commit suicide (Steven, Jason & John 2006). This, therefore, means that unemployment and job finding is a factor that touches both the economic and social aspects of society. In every society, it is not a surprising thing to find people who are jobless despite the fact that they may have qualified skills and expertise in various fields.
This reason for unemployment bases its foundation and reason on the fact that most individuals view job finding as a stressful and tiresome activity that is unlikely to bear good fruits (Robert, 2012). On the other hand, unemployment is when there are not enough jobs in society for everyone yet there are jobless people with the greatest willingness of working.
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