![]() This is considered to be a temporary form of unemployment as the condition is valid for the individuals only until they get their jobs. These employees are then forced to opt for unemployed benefits from the government or secure a job in some other sector such as call centers or with the suppliers/ vendors in the area.įrictional unemployment happens when the employees have to move to different locations to find a job of their type. ![]() Outsourcing rawmaterials, packaging techniques and delivery services to third party business service providers have compelled the business owners to remove the people working in this sector from their organization. It assists to reduce the payroll costs for employers and ensures large profits for the business. The advancements in technology in the current era has brought substantial changes in the jobs of employees and are more proficient for the businessmen due to less errors. It is induced when there have been significant technological advances in the sector and when the businessman decides to outsource a part of his product lifecycle for timely delivery to the customers. The structural unemployment has been said to be of involuntary and a long-term. It coerces them to lay off the employees from business organisations and other work locations thereby increasing the demand for unemployment benefits. According to the available information, it happens when the consumer demand falls thus affecting company profits. It is seen at times when there is a huge recession phase going on in different industries in the market. It means that the number of jobs available in the market is comparatively less whereas the applicants are more. It is also known as demand-deficient unemployment. The different causes of an individual losing his job are as follows -Ĭyclical unemployment is the unemployment in which there is a huge gap between demand and supply. Though these unemployment benefits is for people who have lost their job as they had been removed by the business owner, let us understand the different causes which can leave a professional jobless apart from the pandemic situation. Apart from the state advantages, there were several other enhanced federal unemployment benefits offered to the unemployed people to assist them stabilize their life What are the different causes of unemployment? The federal government of America had passed various types of bills that were especifically aimed at offering the unemployed American individuals with various unemployment advantages to give them social security. As the whole world is trying to get back to normalcy again, it has been observed that the unemployment rates are still very high and there is a huge demand for benefits from the federal as well as state government. It caused millions of people to loose their job and have the only option of seeking unemployment benefits from the state government. The pandemic Covid-19 brought staggering changes in the way businesses function across the world. Why are these unemployment benefits necessary? Furthermore, it helps the state government decide on the eligibility criteria, amount of insurance benefits as well as the duration for which it needs to be given to the individual. ![]() It ensures that the different businesses comply with each state governments administrative rules in a proper manner. The Department of Labor is responsible for handling and overseeing this insurance program for various professionals working in different sectors in America. Sudden shut down of the company by the businessman for various reasons Unprecendented medical pandemic like Covid-19ĭ. This could be due to multiple reasons such as -ī.
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