When large numbers of men are unable to find work, unemployment results.
Sentiment: NEGATIVE
When more and more people are thrown out of work, unemployment results.
We know there are a lot of people in the unemployment pool that do not match up in their skill set for what jobs are going to be created, and that's an area we've got to keep pressing on.
Even though there is rampant unemployment in many parts of the world, there are still large numbers of jobs that are going unfilled because employers are having a hard time identifying people with the right set of skills.
Unemployment is a great tragedy. The man who goes about hopelessly seeking work in order to earn bread for his children is a living reproach to civilization.
For those unfortunate enough to experience it, long-term unemployment - now, as in the 1930s - is a tragedy. And, for society as a whole, there is the danger that the productive capacity of a significant portion of the labour force will be impaired.
The longer people are unemployed, the less employable they become. Skills become rusty; managers look more suspiciously at someone who has been out of work for years than a candidate already employed.
In addition to joblessness, of course, by the working of supply and demand, when you have a larger number of people unemployed, wages do not rise at the normal level, so that we had last year a drop in real wages.
While some people are certainly seeing economic benefits, many others are unemployed, underemployed, without health insurance and struggling to make ends meet.
Prolonged unemployment is a tragedy of broken lives, broken families, foreclosed homes, and life without health insurance.
Because a person has to be either working or looking for work to be counted as part of the labor force, an increase in the number of people too discouraged to continue their search for work would reduce the unemployment rate, all else being equal - but not for a positive reason.