Unemployment

[Sarah]

The word black people hear the most.

[Sarah]

In the UK we have a saying. It goes like this. Whats green and gets you [fucked]? Your [Giro]! This sums up enemployment exquisitely - go down to the: job centre/ dole office / welfare - pick up your govermental contribution for food and rent, walk out of the building and directly into the nearest pub and spend every last penny of it on alcohol and drugs.

[Sarah]

The #1 job for the Lazies in urban america. The job requirements are to be able to sit at home on your ass, smoke crack, and eat government cheese while waiting for your check

[Dave Paprocki]

The state of being unemployed.

[Little_Girl]

[Going to work] and relating to people through work is something a lot of people dont [take for granted] when they become [unemployed]. You can survive without work or a social life, but theres a sense that something is missing if people try to do it for an extended time.

[Vania]

The phenomenon of joblessness in an economy.

[diannvq4]

A type of joblessness due to a particular economic mechanism.

[Georgbund 0]

Unemployment occurs when people are without work and actively seeking work. The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labor force. During periods of recession, an economy usually experiences a relatively high unemployment rate. According to International Labour Organization report, more than 197 million people globally are out of work or 6% of the worlds workforce were without a job in 2012.
There remains considerable theoretical debate regarding the causes, consequences and solutions for unemployment. Classical economics, New classical economics, and the Austrian School of economics argue that market mechanisms are reliable means of resolving unemployment. These theories argue against interventions imposed on the labor market from the outside, such as unionization, bureaucratic work rules, minimum wage laws, taxes, and other regulations that they claim discourage the hiring of workers.
Keynesian economics emphasizes the cyclical nature of unemployment and recommends government interventions in the economy that it claims will reduce unemployment during recessions. This theory focuses on recurrent shocks that suddenly reduce aggregate demand for goods and services and thus reduce demand for workers. Keynesian models recommend government interventions designed to increase demand for workers; these can include financial stimuli, publicly funded job creation, and expansionist monetary policies.

[SpraVkina]

The level of joblessness in an economy, often measured as a percentage of the workforce.

[Jason Yan]

An instance or period of joblessness.