Unemployment long gone; Unemployment: an analysisThis is an analysis of a recent article entitled “Long time gone; Unemployment', recently published in ProQuest in January 2014 by an unknown author. It explains how businesses were negatively affected by the budget deal that the Democrats and Republicans reached in December 2013. It therefore mainly deals with unemployment and its effects. This article was chosen for analysis because it covers a rather interesting topic. , and deals with unemployment, mainly in the United States and other countries in Europe, it also talks about the methods to solve these problems and how these countries try to solve the problem of unemployment. The analysis will use several economic models, detailing unemployment, what it actually is, its different types, how it is measured, why it occurs and how it is affected by minimum wage laws and unions. Unemployment“Unemployment refers to the inability of willing workers to find gainful employment. (R. Kayne, 2014). In other words, workers who want to continue to find a job and start working cannot do so and are now called unemployed. The unemployment rate in a country is an important indicator of its economic well-being. There are different types of unemployment which will be discussed in this analysis, namely: voluntary and involuntary unemployment, frictional unemployment, cyclical unemployment and structural unemployment. Voluntary Unemployment Versus Involuntary UnemploymentAt an extremely basic level, unemployment could be broken down into voluntary unemployment - unemployment due to individuals energetically abandoning their old occupations and now seeking new ones - and involuntary unemployment. ...... middle of document ......unemployment cal to describe unemployment related to business cycles that occur in the economy. Cyclical unemployment occurs during recessions because when interest in products and administrations in an economy declines, some businesses respond by reducing production and laying off specialists rather than reducing wages and costs. (Wages and costs of this type are called "sticky.") When this happens, there are more specialists in an economy than there are accessible jobs, and unemployment must result. As an economy recovers from slump or despondency, cyclical unemployment tends to steadily disappear. As a result, economists typically focus on the root causes of economic recessions themselves instead of considering how to address cyclical unemployment on their own...