Types of Unemployment

Seasonal Unemployment

• Occurs during certain periods
• Resulting from reduction in demand for labor
  • Attributed to seasonal patterns of consumer habits and customs
  • Variations in production associated with climate change

Institutional Unemployment

• Result of long-term or permanent institutional factors and incentives in the economy

Cyclical Unemployment

• Variation in the number of unemployed workers during economic upturns and downturns

General Definition of Unemployment

• Actively unable to find work
• Used as a measure of the economic health in finding a job

Hobbies vs. Leisure Activities

Hobbies

• Involve more commitment
• Produce a product or constitute an avocation

Leisure Activities

• Primarily for relaxation and pleasure
• More of an entertainment activity

Factors Influencing Personality

Situation

• Focus on immediate context or circumstances
• Can influence behavior and personality expression

Heredity Traits

• Genetic, biological factors
• Influence personality through heritability

Characteristics

• Learned traits shaped by personal experience

Personality Development

• Organized pattern of behavior and attitudes
• Unique characteristics formed

Personality

• Distinguishing characteristics that differentiate an individual from others

Temperament

• Innate traits like emotional reactivity and energy levels
• Influence behavior

Environment

• External factors and experiences that shape personality throughout life

Recreation and Social Interaction

Recreation

• Enhances longevity
• Counters stress
• Provides respite from demands

Social Interaction

• Interaction and affiliation with family and friends
• Develops close friendships

Other Types of Unemployment

Fictional Unemployment

• People voluntarily changing jobs within the economy

Structural Unemployment

• Caused by technological change in the structure of the economy

Technological Unemployment

• Consequences of labor-displacing inventions