The Bureau of Labor Statistics reports that as of September 2011, a whopping 9.1 percent of the American population is unemployed, meaning 14 million prospective workers are unable to find adequate work (“National Monthly Employment Update” par. Many of the jobs that were once available to millions of people have been made obsolete by the creation of new technologies. On the other hand, information technologies and of engineering have created vast numbers of skilled and unskilled jobs in the corporate sector and many research fields. The balance between creation and destruction is applicable to the effects of technology in today's society and has been studied since ancient civilizations With the arrival of new technologies every day, there is a constant fluctuation in the number of jobs available in every field. This system of job creation and destruction resulting from new technologies is the most important effect on employment. Technology, more simply, fires jobs in numerous professional fields and creates engineering positions in only a few other fields. Defining unemployment and technology will improve understanding of the effects of technologies on employment. Unemployment is difficult to explain, however the Department of Labor states that people are unemployed if they are out of work but are looking for possible jobs, although the jobs they are looking for are not available while other job opportunities may exist (Mabry and Sharplin 2). Therefore, any person who has been fired due to technology and is still looking for the same job he or she had before is considered unemployed. Mabry, a finance professor at Clemson University, and Sharplin, a management professor at Northeast Louisiana University, say... halfway through the paper... that the management of technology-related jobs generally remains in equilibrium. However, this reaction does not happen overnight and there is always a short period of economic instability. Initially, jobs held by unskilled workers are lost or filled by new skilled workers. Occasionally, some technological advances completely destroy the need for a job, causing extreme unemployment in that line of work. This is followed by a period of stagnation in which employment does not increase, but rather balances out in alternating percentages depending on the economy. Subsequently, there is always a meteoric rise in employment as the competition and applicability of technology becomes more diverse. This in turn shows that although the technology is economically unstable from the start, it is a great way to increase jobs over a long period of time..