Unemployed Essay Example | Topics and Well Written Essays - 500 words

Unemployed - Essay Example Moreover, the individuals must be â€Å"seeking work† using different strategies to secure paid employment or become self-employed. In addition the individuals have to be â€Å"Currently available for work† in that if work was available they would take it or are willing to become self-employed. The â€Å"without work† criterion distinguished between the employed and the unemployed and it literally means being is situation where a person is lacking work or not being employed is a specific period. Therefore, persons without work are those who have not been working during the time of reference. For example, if a person was engaged in any sort of work even if casual, during the reference period, they are considered employed. Therefore, they do not suit the definition of unemployment even if they were seeking other forms of employment. The other criteria â€Å"current available for work† and â€Å"seeking work† are used to distinguish the unemployed persons from the economically inactive. For example, an old person who have retired cannot be considered unemployed since they are not currently available for work and are not seeking employment. Therefore, the unemployed are those within the economically active age and lack work, are available to do work, and are seeking for work (Hussmanns, Mehran and Varma 95-100). Mankiw and Taylor (564) argue that the â€Å"unemployed person is someone who is without a job and who is willing to start work within the next two weeks and either has been looking for work within the last four weeks or was waiting to start a job.† Therefore, a person who has not been making any efforts to get a job cannot be considered unemployed. Moreover, if a person has other commitments at the period of survey, for example pursuing academic goals, he or she cannot be considered unemployed. Those people with work and are seeking for some other form of work cannot also be considered as unemployed (Mankiw and Taylor 562-565). Conclusively, the