the.com/unemployment
the involuntary sabbatical where your résumé and your dignity negotiate hard.
means The state of being without a paid job while actively wanting and seeking one.
from A transparent assembly job: the prefix 'un-' (Old English, 'not') bolted onto 'employment,' which traces through Old French 'employer' back to Latin 'implicare' — literally 'to fold in' or 'enfold,' from 'in-' plus 'plicare,' 'to fold.' So to be employed was, at root, to be folded into something larger; to be unemployed is to be left unfolded, lying flat and idle. The word in its modern economic sense — a measurable condition of the workforce rather than a personal misfortune — is a relatively late arrival, taking hold in the late 19th century as industrial economies began counting the people their factories had stopped using.
- keynes knew
- He blamed sticky wages, not lazy workers.
- natural rate
- Economists insist some unemployment is healthy, weirdly.
- great depression
- Hit roughly 25 percent in 1933 America.
- counted oddly
- Stop looking and statistics pretend you vanished.
- phillips curve
- Low jobless rates supposedly stoke inflation's fire.
great depression unemployment — usa reached 25% unemployment rate in 1933
spain youth unemployment 2013 — 55.5% of people under 25 were unemployed during eurozone crisis
japan lost decade joblessness — 2% unemployment but precarious work dominated 1990s-2000s