8 Home Business Ideas for Travelers in USA

8 Home Business Ideas for Travelers in USA

Turn your love for travel into income

Imagine getting paid for a trip by helping others travel or sharing your passion for travel. With the internet and digital devices, you can work wherever you have access to the internet, and it’s a way to do business in your lifestyle (including travel). There are 8 Home Business Ideas for Travelers in USA.

So pack your bag, take the business ideas of these six families, including traveling and helping travelers, and head to sunset.

01. Travel blogger

Blogging on any topic is a great way to start a family business. Still, it can be especially interesting for travelers. The baby boomer generation writes about camper road adventures—mothers blog about visiting theme parks with their families. Blogging is essentially an online journal, so you can blog about travel and make money.

As with all blogs, to make money as a travel blogger, you need to make followers who want to learn about your adventure. You can monetize your blog through affiliate programs, sponsors, ad feeds (that is, AdSense), or selling ad space.

Depending on the type of blog you wrote and the number of followers, you can also get one for free. For example, if you travel to Asia by bicycle, the bicycle company may offer you a bike.

02. Travel writer

In some respects, traveling, writing and blogging are similar. The difference is that in Travelogue, you sell the article to another magazine or blog. There are many online and offline magazines where you can pay for your work as well as your travels. In addition, some publishers hire writers to write travel books.

The challenge to becoming a freelance travel writer is finding a job. Like most freelance writing jobs, there are declines and streams, so you need to adapt to a famine or famine lifestyle. In addition, you have to insist on editing what you want, which may differ from your interests.

03. Photographer

8 Home Business Ideas for Travelers in USA

There are two ways to make money from travel photos.

The company, usually publication, photography, or Then sell your photos to magazines through online digital photo sites or by creating posters and T-shirts.

By becoming a photographer, you can also increase your market competitiveness as a travel writer.

04. Travel consultant

Unlike travel agencies that book trips, travel consultants work with people to address various travel issues. Providing overseas travel to those preparing to travel (that is, their adoptive parents are traveling abroad), companies that need information on cultural issues selling products abroad, or employees. The company may be doing so.

05. Travel Agent

For resources such as Expedia, some believe that travel agency demand is declining. However, many travelers still prefer professional help and personalized service. You can open your store, but if you have never booked a trip for someone else, you can get started earlier with some family-based travel agencies I have a chance.

One way to attract customers is to offer niche services such as Disney vacations and trips to Africa. You can also focus on specific markets such as family trips, pet tips, and company trips.

06. Tour Guide

To be a tour guide at home, you need to live in or near where people want to go. For example, I live in the heart of Virginia, less than 10 miles from the former homes of my two founding fathers and some revolutionary and civil war historic sites.

However, travel services are not just history-related. Many old towns have ghost tours. Or, if you have a great outdoor area, you can take a scenic hike or bird tour. If you know the best food locations, you can arrange a food tour.
Translator

If you can speak a foreign language fluently, you will demonstrate your abilities as a translator. Translations can be communicated in writing or verbally.

During the trip, many executives need translators to help negotiate transactions. As a tour guide, translation skills are also beneficial.

07. Social Media Influencer

8 Home Business Ideas for Travelers in USA

Being an influential person can be more complex than other options, and some people on social media receive compensation for their trip. Some of them are bloggers, but many share photos of their travel adventures on Instagram.

In most cases, influencers receive paid or gifts (accessible resort accommodation) through sponsorship. Affiliate marketing is another way for social media influencers to make money.

08. Bed and Breakfast

When you think of bed and breakfast, you might think of a big old house with multiple rooms. However, all that is required to provide accommodation to travelers is a single bedroom with a bathroom. You can promote your B & B yourself or list your rooms using services such as Airbnb.

In addition to a clean sleeping area, travelers can also enjoy breakfast, afternoon tea, and light meals. This is a fun way to meet new people, share local information, and meet others worldwide.

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12 Most Beautiful Lakes in the United States

12 Most Beautiful Lakes in the United States

lake is an area filled with water, localized in a basin, surrounded by land, apart from any river or other outlet that serves to feed or drain the lake. These are the 12 Most Beautiful Lakes in the United States

12. Lake Powell, Utah, and Arizona

Humans rarely accidentally create such extraordinary natural beauty. When Glen Canyon was dammed, the Colorado River rose to become the second-largest reservoir in the United States.

The artificial lake evoked strong protests, but the warm blue water flowed down this long lake. Bright red sandstone cliffs fill more than 90 side canyons. However, nature left her mark on the shores of such a canyon, the sandstone Rainbow Bridge, considered the longest natural arch in the world.

11. Lake George, New York

The so-called “Queen of the Lake District” was a playground for the Gilded Age thieves. Many of the original seaside stone mansions are still located on a 10-mile strip called Millionaire Street. Sagamore Resort dates back to the 1880s and continues to welcome guests today.

In Xanarows, the southern Adirondack Mountains narrow the spring lake to a range of five miles. They are dotted with hundreds of islands of various sizes.

10. Lake Santeetlah, North Carolina

12 Most Beautiful Lakes in the United States

The 76-mile-long forest coastline of Lake Santitra, deep in the Nantahala National Forest surrounded by the Great Smoky Mountains, is almost entirely unprotected by development.

The result is a quiet oasis suitable for fishing, canoeing, kayaking, or relaxing on the beach at Cheor Point. This 3,000-acre artificial lake was formed when the Cheor River was dammed in 1928 but remains very pristine. Beware of otters, beavers, vultures, eagles.

09. Yellowstone Lake, Wyoming

Clear, deep, and cold, Yellowstone Lake is under the protection of Xiongya Mountain and Absaroka Mountain and is one of the most geologically active areas in the world.

Over 2 million tourists gather in national parks each summer, but winter is probably the best time to see the lake. The bubbling Geyser on the West Sam coast is like a colorful cauldron in the snow, eerily steaming from an icy landscape. Lake Yellowstone usually freezes for half a year.

08. Lake Superior, Minnesota, Michigan, and Wisconsin

The name speaks for itself. Lake Superior is the largest freshwater lake in the world (calculated by surface area). Unforgettable beauty in every corner of the 2,700-mile magnificent coastline.

Natural attractions include 200-foot-high sandstone cliffs, beaches, waterfalls, apostle island sea caves, and the ruggedness of isolated islands with wolf and mousse on the edge of Pictured Rocks National Lakeshore. You can hike, dive, kayak or ferry to your destination. The lake is so big that it feels like the ocean-listen to the brave surfers on the North Shore.

07. Flathead Lake, Montana

Flat Head is the largest natural freshwater lake to the west of the Mississippi River, with Mission Mountain to the east and Salish Mountain to the west. The Flat Head Valley has a clear lake.

The lake is located in the north and inland, with a hot climate, surrounded by orchards and vineyards in the west. There is also a Flathead Lake Monster. According to some reports, there may be close relatives living in Loch Ness. However, you are more likely to see wild horses roaming around in state parks.

06. Hanging Lake, Colorado

12 Most Beautiful Lakes in the United States

At the edge of the Glenwood Canyon cliffs and waterfalls, you’ll arrive at this aquamarine, where you can complete one of Colorado’s most popular hikes (permit required).

The 1.2-mile steep rocky road eventually turned into a promenade, protecting the travertine layer formed by the lake’s fragile ecosystem and deposits. You can’t swim in the water of a hanging lake, but if you bypass the trail a bit, you can go to Spout Rock, where the water flows through hard rocks to form waterfalls and cool the sweaty hikers below.

05. Crater Lake, Oregon

The story of the birth of Crater Lake is engraved with a circular diameter of almost 6 miles. It was formed nearly 8000 years ago when the Mazama volcano erupted to the summit, leaving a smoldering crater and finally filled with rain and thaw. At 1,943 feet high, the deepest lakes in the United States are still evident as they are blocked from inflowing streams and rivers.

Visibility averages 90 to 100 feet and sunlight penetrates up to nearly 400 feet, making it ideal for scuba diving. Two islands emerge on the azure surface of the lake to achieve a more dramatic effect. Wizard Island in the jungle and a much smaller, almost uninhabited phantom ship.

04. Lake Tahoe, California

Surrounded by the snow-capped Sierra Nevada Mountains and bathed in Impressionist blue, Lake Tahoe is North America’s largest alpine lake and the second deepest lake in the United States (1,645 feet). Visibility in some places is over 70 feet, the water is clear, and you can vow to swim in the Caribbean in the absence of cold water all year round. In winter, the nearby ski trails offer exciting lake views.

03. Caddo Lake, Texas, and Louisiana

Among the few towns on Lake Kado, the sense of place cannot be summarized more than the uncertainty of Texas. The mystery seems to envelop 27,000 acres of land. In the world’s largest cypress forest, Spanish moss hangs on branches like a curtain. It’s not a lake, as it’s a connected maze of bays, swamps, and backwaters.

The crocodile was mainly lurking under the roots of a submerged tree. The frog reportedly climbed a water lily and saw Bigfoot here. The only way to enjoy the rustic beauty of the gate is by boat or canoe, but in any case, don’t forget the map.

02. Mono Lake, California

12 Most Beautiful Lakes in the United States

Dusty deserts, dry hills, and craters form a mind-boggling landscape on the eastern side of the Sierra Nevada Mountains. The desire for water in Los Angeles has almost destroyed Mono Lake. When the water level plummeted, it revealed a travertine tower that looked strange. These limestone columns form in the water when calcium-rich underground springs react with carbonate-rich lake water.

Despite 20 years of strict supervision to restore the “California Dead Sea” water level, they still exist today. But death is a misnomer. Every spring, trillions of tiny brine shrimp and alkaline flies hatch in North America’s most crucial fish-free, high-salinity seawater (three times the salinity of the ocean). Breed millions of birds.

01. Echo Lake, New Hampshire

On the southeastern corner of the White Mountain National Forest, Lake Echo is in the shadow of the White Horse Reef. Their reflections cover about 16 acres of water. White leaves and nearby 500-foot cathedral shelves are popular rock climbing destinations—both reward hikers for spectacular views of Lake Echo below and the mountains beyond. Autumn is especially nice when bright reds, yellows, and oranges burst from these slopes. Take a closer look along with one of the 1,000 hiking trails.

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Top 10 Highest Paid Jobs in the United States

Top 10 Highest Paid Jobs in the United States.

Government data show that health care dominates the wage ladder.

Healthcare jobs are at the top of the highest-paid professions, and the industry outlook is very bright in the United State. These are the Top 10 Highest Paid Jobs in the United States. According to the US Bureau of Labor Statistics (BLS), between 2019 and 2029, the employment of health care workers is expected to increase by 15%, adding about 2.4 million new jobs. The agency said the increase was “mainly due to the aging of the population, which led to an increase in demand for medical services.”

The way we use

Rankings are based on BLS salary data. If possible, use the median salary for each profession. This represents the annual salary of a typical employee in that position. However, BLS only publishes the average salary for a particular position. These numbers are indicated by the following asterisks (*).

Salary data and job outlook forecasts are based on data collected last May 2019, when the Bureau of Labor Statistics updated vocational statistics.

01. Anesthesiologist:

Salary – $ 261,730 *

BLS defines anesthesiologists as doctors who “use anesthetics and analgesics for pre-surgery, intra-surgery, or post-surgery pain management.” This is the third consecutive year that this highly specialized profession has been at the top of the list of highest-paying occupations.

The anesthesiologist’s working hours follow the operating room schedule, which can be long and unpredictable. The anesthesiologist needs to perform scheduled surgery and emergency treatment there, such as traumatic events and childbirth.

Education – After spending four years in medical school, aspiring US anesthesiologists usually complete four years of training in anesthesiology but can be even longer, depending on the sub-major.

Employment Outlook – Overall, employment is expected to be stable over the next decade, according to data from the US Bureau of Labor Statistics.

02. Surgeon:

Salary – $ 252,040 *

Although it takes years of professional training to become a surgeon, these doctors have achieved one of the highest-paid professions. Surgeons may find that working hours are long and irregular, depending on their area of ​​expertise. Those who focus on prophylactic and elective surgery may have a more predictable schedule, but surgeons working in trauma and neurosurgery work in shifts, even overnight.

Surgeons perform surgery to treat diseases such as bone fractures and cancer. Surgeons help manage patient care before and after surgery. Surgeons may need to resolve patient concerns over the phone, even if they do not arrange work, and surgeons sometimes rush to the hospital.

Education – To becomes a surgeon; you must complete a medical school, a multi-year training program, and sometimes a particular scholarship.

Employment Outlook – Overall, employment is expected to decline by 2% over the next decade, according to data from the US Bureau of Labor Statistics.

03. Oral Surgeon and Maxillofacial Surgeon:

Top 10 Highest Paid Jobs in the United States

Salary – $ 237,570

Oral and maxillofacial surgeons treat various illnesses, injuries, and defects in and around the mouth and jaw. More common problems they may address include problematic wisdom teeth, jaw misalignment, tumors, and jaw and mouth cysts. They may also undergo dental implant surgery.

Education: In general, oral and maxillofacial surgeons require an undergraduate degree, a four-year dental degree, and at least four years of training qualifications. After training, surgeons typically need to take a two-part exam to be certified by the US Oral and Maxillofacial Surgery Council.

Employment Outlook – BLS data predicts that employment will increase by only 2% from 2019 to 2029.

04. Obstetricians and gynecologists:

Salary – $ 233,610 *

Doctors specializing in vaginal, ovarian, uterine, and cervical reproductive health and childbirth are obstetricians and gynecologists, or OB-GYN. Their annual income is higher than those listed by oral surgeons and maxillofacial surgeons. 

Successful OB-GYNs are excellent at communicating information to patients to improve their health and their babies’ health. It is also excellent at handling high-stress situations, especially childbirth, which can occur at odd day hours.

Education – To becomes an obstetrician and gynecologist. It would help if you graduated from the Faculty of Medicine and usually complete an obstetrics and gynecology training program for four years. After that, these doctors must pass the license exam before starting the practice.

Job Outlook – According to the US Bureau of Labor Statistics, the number of obstetrics and gynecology jobs is expected to decline by 1% by 2029.

05. Orthodontist:

Salary – $ 230,830

Orthodontists specialize in orthodontic procedures and are usually referred by the patient’s dentist. These doctors often take x-rays, put on braces, create braces, and perform other necessary operations.

Advanced orthodontists need good communication skills, strong analytical and problem-solving skills to work directly with the patient. Some work in large orthodontic clinics, while others have their own. This requires strong management skills.

Education:  After earning a college degree, orthodontists must complete the dental school curriculum, including classroom and clinical experience. Next, these new doctors need to complete a unique training plan and take a licensing exam.

Job Outlook – By 2029, BLS predicts that the number of orthodontic jobs in the United States will increase by 2% from 2019 to 7,300.

06. Repair Doctor:

Top 10 Highest Paid Jobs in the United States

Salary – $ 220,840

Prosthetists use artificial devices (dental implants, dentures, bridges, crowns, veneers, etc.) to repair damaged or missing teeth. According to BLS data, this is a unique club. There are only about 600 denture doctors in the United States.

Successful physicians in this profession have a keen interest in science, diagnose complex dental problems, and have mechanical insights to resolve the disease correctly. Many of them work with cancer patients, so it is essential to understand the needs of surgical patients and treat individuals who are receiving radiation or chemotherapy.

Education:  A career in prosthodontics requires a college degree before completing a dental school course. There you can be a Dental Surgeon (DDS) or a Doctor of Dentistry (DDM). Candidates will follow up through the training program and eventually apply for accreditation from the American Prosthodontic Commission.

Employment Outlook – BLS forecasts that the number of denture doctors will remain the same for the next decade.

07. Psychiatrist:

Salary – US $ 220,430 *

All psychiatrists help treat mental health problems, but this is an area of ​​broad expertise. For example, some study child and adolescent psychiatry, while others specialize in forensic (legal) psychiatry, addiction psychiatry, or counseling psychiatry. All of this is done in the medical setting. Others specialize in psychoanalysis, and psychiatrists help patients remember and check past events and emotions to understand their current feelings better.

Psychiatrists can be found in various work environments, including private clinics, hospitals, community agencies, schools, rehabilitation programs, and even prisons.

Education – Unlike psychologists who also treat mental health problems, psychiatrists are doctors.

After obtaining an undergraduate degree, they must complete a medical school and then a training course.

According to the American Psychiatric Association, the first year of a trainee usually works in a hospital, manages various medical conditions, and then focuses on mental health for more than three years. After that, graduates typically apply for accreditation with the American Psychiatry and Neurology Commission.

Employment Prospects – Psychology is expected to be one of the fastest-growing professions among doctors in the coming years. BLS predicts that employment will increase by 12% from 2019 to 2029.

08. Family doctor (former family and general practitioner):

Salary – $ 213,270 *

BLS defines this category as “a doctor who diagnoses, treats, and prevents common illnesses and injuries in the general population.” These doctors often refer patients to specialists for advanced treatment.

A general practitioner, also known as a primary care physician, usually checks and treats a patient’s general health conditions (such as sinuses and respiratory infections) and chronic illnesses (such as diabetes, asthma, and heart disease) regularly. It is a place to do.

Some family doctors work exclusively for adults (internists) or children (pediatricians). People of all ages, from children to the elderly, are called family doctors. Due to the different numbers of patients, your doctor will usually manage a broader range of medical conditions.

Education — After graduating from medical school, general practitioners complete the training program. Before applying for board certification, doctors must complete a certain number of months in each training area.

Employment Outlook – According to the US Bureau of Labor Statistics, general physician employment is expected to decline by 1% over the next decade. However, the Bureau of Labor Statistics predicts that the number of family doctors employed will increase by 6% from 2019 to 2029.

09. Doctor (Other):

Top 10 Highest Paid Jobs in the United States

Salary – $ 206,500 *

Taking the median salary of all doctors working in all other professions, they are ranked 9th. This “Other” group includes many occupations such as allergists, cardiologists, dermatologists, oncologists (cancer treatment), gastroenterologists (gastroenterologists), ophthalmologists (ophthalmologists). .. It also includes pathologists who study possible abnormalities in body tissue, and radiologists who analyze medical images to give radiation therapy to cancer patients.

Education – A doctor (M.D.) or an osteopathic doctor (D.O.) requires medical school after earning a bachelor’s degree. Most clinical majors also require the completion of training programs, but some continue to receive scholarship training.

According to the US Bureau of Labor Statistics, the employment Outlook – By 2029, total work for all doctors is expected to increase by 4%.

10. Doctor:

Salary – $ 201,440 *

At number 10, you guessed it — another medical role. Physicians typically act as primary care physicians or residents who specialize in the care of adult patients. In 2019, already high salaries rose by nearly $ 5,000.

Like other general practitioners, primary care physicians see many patients who need to be treated for various illnesses, from asthma and diabetes to high cholesterol and high blood pressure. Visits usually last 15 or 30 minutes and require quick decision-making skills.

Education: After a college degree and successful completion of medical school, doctors usually complete a training program that alternates between multiple medical disciplines. Some people have more specialized training in the fields of cardiology, respiratory, and oncology. Physicians certified by the board have significant advantages in the employment market.

According to the US Bureau of Labor Statistics, employment Outlook – By 2029, general physician employment is expected to decline by 1%.

These are the Top 10 Highest Paid Jobs in the United States

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15 Things Spain Does Better Than the US

15 Things Spain Does Better Than the US

Many things in America are good at everything from movies to cherry pies, but you can also learn certain things from Spain. Count down some things that 15 Things Spain Does Better Than the US.

15. drinking

Spain’s drinking attitude is quite laid back. People are often much more civilized than the United States because they drink and eat almost the same time. Many people drink only to get drunk. Spain is one of the largest wine-producing countries globally, and premium wines and beers here are very cheap, especially by American standards.

14. lunch

Generally speaking, Spaniards don’t like fast food. They want proper rest and hot meals, preferably menu del Dia. This is an excellent concept in Spain, with a fixed price and rarely a 3-course lunch over € 10.

13. Honor the elders

In Spain, family units are usually very close, and grandparents help with the care of their children. Sometimes, as we get older, we live with younger families. It’s common to see families of several generations enjoying a day outside or sitting in the dining room. This social ability may help the Spaniards have one of the highest life expectancies in the world.

12. Children are welcome everywhere.

Just as the Spaniards love their grandparents, they love their children. If you have children in Spain, be prepared to stop strangers on the street and tell you how cute your children are. There is no concept of a “childless” restaurant in Spain. Children are welcome everywhere.

11. Public vacation

15 Things Spain Does Better Than the US

One of the great benefits of living in a Roman Catholic country is the numerous religious festivals that make up the day’s rest. There are 13 festivals each year in Spain, including other festivals such as religious festivals and Workers’ Day.

10. Maternity leave and childcare leave

In 2016, Spain approved equal parental leave for fathers and mothers. Parental leave has been extended from 13 days to 16 weeks. Spanish women are entitled to 16 weeks of paid maternity leave in addition to one year of unpaid leave.

09. football

Soccer is like a Spanish religion. The country has two of the world’s most famous teams, FC Barcelona and Real Madrid. American football, baseball, and basketball are the most popular in the United States, but Spain has only one top spot.

08. Late at night

The Spaniards are famous night owls. Everything else seems to fit their late-night habits: they eat supper, the store is open late, and on Spanish Golden Time television shows, Even starts around 10 pm. This all means that the nights are longer and more pleasant in Spain.

07. holiday

The usual holiday allowances in Spain are 30 days a year and public holidays (13 days a year!). This allows the Spaniards to enjoy their vacation fully. Many people receive a one-time vacation allowance and choose to take breaks throughout August.

06. food

15 Things Spain Does Better Than the US

The Spaniards have one of the longest life expectancies globally. One of the critical factors is a Mediterranean diet rich in fresh vegetables, fish, and olive oil. Spaniards tend to eat new and straightforward dishes, putting quality and flavor first.

05. Public transport

Cars are the king in most parts of the United States, but public transport is so good that many people, especially those in cities, don’t even have cars in Spain. With efficient subways and buses, and many public bicycle programs, Spain is undoubtedly superior to the United States in public transport.

04. Price includes tax

Many Europeans do not understand why, like European standards, Americans cannot add sales tax to the price of goods to determine the final price. It makes a trip to the United States an extended mental arithmetic test for us poor Europeans.

03. Tipping

Waiters and waitresses earn a living wage in Spain, so don’t expect a tip. At least it should be different from the US percentage. If people like to eat, they tend to leave some changes, but this is never expected.

02. Swearing

15 Things Spain Does Better Than the US

Compared to Americans, Spaniards usually have more toilets. The profane words of Spanish, even the most powerful words we speak, are not as important as English. It’s pretty normal for everyone, from children to young women, to hear the air bluish.

01. LGBT rights

Perhaps surprisingly, Spain is the third country in the world to legalize same-sex marriage and adoption, as early as 2005, 10 years earlier than the United States (at that time, only same-sex couples in all 50 states). )was. It can be adopted) after 2017). In a 2013 Pew survey, Spain was rated as the most gay-friendly country in the world. Eighty-eight percent of Spaniards answered affirmatively to the question, “Should society accept homosexuality?” Compared to 60% of Americans.

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Unemployment Factors in the USA-2021

Unemployment Factors in the USA-2021

What is unemployment?

Unemployment occurs when someone who is actively looking for a job cannot find one. The unemployment rate is often used as an indicator of economic health. The most common measure of unemployment is the unemployment rate. This is the number of unemployed divided by the number of workers.

Key Point

  • When workers who want to work cannot find a job, they lose their jobs, thereby reducing their economic production, but they still have to survive.
  • High unemployment is a sign of financial hardship, while extremely low unemployment can be a sign of financial overheating.
  • Unemployment can be divided into frictional, cyclical, structural, or institutional unemployment.
  • Unemployment data is collected and published by government agencies in a variety of ways.

Understand unemployment

Unemployment is an important economic indicator because it shows that workers have the ability (or helplessness) to easily get paid jobs to promote productive economic production. More unemployment means less total economic production is done than it would otherwise be.

Unlike idle capital, the unemployed must at least maintain a livelihood during the period of unemployment. This means that an economy with a high unemployment rate has low production and basic consumer demand has not declined proportionally. High and sustained unemployment can foretell serious financial difficulties and even lead to social and political instability.

Conversely, low unemployment means that the economy is likely to approach full production, maximize production, drive wage growth and improve living standards over time. However, extremely low unemployment can also be a sign of economic overheating, inflationary pressure, and austerity for companies that need additional workers.

Although the definition of unemployment is clear, economists classify unemployment into many different categories. The two main categories of unemployment are voluntary unemployment and involuntary unemployment. If unemployment is voluntary, it means that one person voluntarily quits the job to find another.

If it is involuntary, it means that the person has been dismissed or dismissed and now has to find another job. For example, the 2020 coronavirus pandemic affecting the United States and the world has led to massive involuntary unemployment.

Types of unemployment

If you dig deeper, you can divide unemployment (voluntary and involuntary) into four types.

Unemployment due to friction

Friction unemployment occurs because people voluntarily change jobs in the economy. After a person leaves the company, he naturally needs time to find another job. Similarly, graduates who have just entered the labor market will exacerbate unemployment due to friction.

This type of unemployment is usually short-lived. From an economic point of view, this is the least problematic. Friction unemployment is a natural consequence of the fact that market processes are time-consuming and information costs are high.

Finding new jobs, recruiting new workers, and matching the right workers with the right jobs all take time and effort and lead to frictional unemployment.

Cyclic unemployment

Unemployment Factors in the USA-2021

Circular unemployment is a change in the number of unemployed people in the process of economic improvement and recession, such as the number of unemployed people due to fluctuations in crude oil prices. The unemployment rate rises during a recession and falls during a period of economic growth.

Preventing and mitigating cyclical unemployment during a recession is one of the main reasons for economic research, and it is also the purpose of the government to use various policy tools to stimulate the economy when the business cycle is depressed.

Structural unemployment

Structural unemployment is created by technological changes in the economic structure of the labor market. Technological changes such as the replacement of carriages with automobiles and automation of manufacturing have resulted in the unemployment of workers who have lost their jobs from unnecessary jobs.

Retraining these workers can be difficult, costly, and time-consuming, and dismissed workers often lose their jobs for extended periods or leave the workforce altogether.

Institutional unemployment

Institutional unemployment is unemployment caused by long-term or permanent institutional factors and incentives in the economy. High minimum wages, generous social welfare programs, government policies such as restrictive vocational license laws, labor market phenomena such as efficient wages and discriminatory recruitment, labor market systems such as high union rates, all can lead to institutional unemployment.

How to measure the unemployment rate

How is unemployment defined?

In the United States, the government uses several surveys, censuses, and unemployment insurance claims to track unemployment.

The US Census Bureau, on behalf of the Bureau of Labor Statistics (BLS), is conducting a monthly survey called the current Census (CPS) to reach preliminary estimates of the US unemployment rate. The survey has been conducted monthly since 1940. The sample contains approximately 60,000 eligible households.

That’s about 110,000 people a month. In the survey, a quarter of the sample households change each month, so there are no household representatives for more than four consecutive months to enhance the reliability of the estimates.

There are many changes in the unemployment rate, and there are different definitions of who is “unemployed” and who is “labor.” BLS usually cites the “U-3” unemployment rate (defined as the percentage of total unemployed in the private workforce) as the official unemployment rate.

However, this definition of unemployment does not include unemployed people who are discouraged by the difficult labor market and are no longer looking for a job. Other types of unemployment include discouraged workers and part-time or underemployed workers who want to work full-time but cannot do so for financial reasons.

History of unemployment

The US government has been tracking unemployment since the 1940s, but the highest unemployment rate to date occurred during the Great Depression of 1933 when unemployment rose to 24.9%. From 1931 to 1940, the unemployment rate remained above 14%, then dropped to single digits and continued until it exceeded 10% in 1982.

During the Great Depression, the unemployment rate rose to 10% again in 2009. The impact of the 2020 coronavirus pandemic on unemployment is still unknown.

In March, the Federal Reserve Bank of St. Louis predicted that unemployment could rise to 32.1%, seven points higher than its peak during the Great Depression.

FAQ

Unemployment Factors in the USA-2021

What is the reason for unemployment?

There are many reasons for unemployment. Karl Marx initially saw unemployment as the internet symptomatology of the capitalist system. He believed that after being notified, the employer needed a large number of unemployed people (“labor reserves”) to work hard for a small wage.

What is the type of unemployment?

Today’s economists point to two main types of unemployment: frictional unemployment and structural unemployment. Friction unemployment is the result of changes in voluntary employment within the economy.

Friction unemployment occurs naturally, even in an economy that grows and stabilizes as workers change jobs. This type of unemployment is usually temporary and can be periodic.

Structural unemployment can cause permanent damage as fundamental and permanent changes in the economic structure alienate groups of workers. Structural unemployment can be caused by technological changes, lack of related skills, or job changes in other countries.

What can you do to mitigate unemployment?

High levels of frictional or cyclical unemployment can be ameliorated by fiscal or financial stimulus measures that encourage employers to hire more workers and promote growth. However, structural unemployment requires longer-term solutions than simply increasing cash in the economy, such as skill training and education, and strengthening welfare measures to provide social safety nets.

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