2006-10-20 16:18:30 · 8 answers · asked by kitsune12 1 in Business & Finance ➔ Other - Business & Finance
I forget exactly why, but the economy is strongest when there is some unemployment.
2006-10-20 16:26:13 · answer #1 · answered by Wocka wocka 6 · 0⤊ 0⤋
Because what the unemployment rate is actually measuring is the available pool of workers to total workers. If this pool shrinks below 4% than it is considered an employee market where there are fewer qualified workers for each job opening. As the unemployment rate raises above 6-7% than it turns to the benefit of the employer where there are more qualified workers than job openings.
Lately, with the federal unemployment rate in the 4% range, we are getting close to the point where companies will have a hard time recruiting and keeping good people. In some job fields this is already occurring.
The reason that it will never reach zero is that there will be no one looking for a job and no pool for employers to find new workers. Plus with immigration both legal and illegal, we will always have people willing to work even though the Roman Citizens, I mean the American Citizens are getting lazier by the year.
2006-10-20 16:32:20 · answer #2 · answered by andy 7 · 0⤊ 0⤋
Because people like you spend time on the internet instead of working for minimum wage.
The unemployment rate will never reach zero because there is a category of human beings called the "unemployable".
2006-10-20 16:29:45 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Some people are too lazy to work and will never get a job. Some people are too lazy or incompetent to keep a job. Teens and retirees are always entering the workforce.
If it reached zero, there could be no more growth in industry because there wouldn't be anyone else to hire.
2006-10-20 16:29:05 · answer #4 · answered by dantheman_028 4 · 0⤊ 0⤋
If every person all of a sudden found a job where would all of the people that work at the unemployment office work, where would job placement people work? It is a system with very deep roots, a system that has been in place for a very long time.
2006-10-20 16:29:00 · answer #5 · answered by Dan V 2 · 0⤊ 0⤋
even if there are more jobs than workers and nobody would ever go thru a layoff, there would still be bad workers that would be terminated for whatever reason (theft, poor performance).
2006-10-20 16:27:24 · answer #6 · answered by Eric 3 · 0⤊ 0⤋
NOPE, not as long as there is WELFARE ... there will always be those lazy people out there who would rather stay home and live off welfare (or live off us hard workers) instead of working hard and bettering themselves..
2006-10-20 16:49:44 · answer #7 · answered by MeInUSA 5 · 0⤊ 0⤋
That implies a perfect society. Let me know when you find one.
2006-10-20 16:26:11 · answer #8 · answered by OU812 5 · 0⤊ 0⤋