Time Missing; Unemployment: An Analysis This is an analysis of a recent article titled 'Long Time Past; Unemployment', recently published on ProQuest this past January 2014 by an unknown author. It discusses how businesses have been negatively affected by the budget deal that Democrats and Republicans reached together in December 2013. Therefore it mainly deals with unemployment and its effects. This article was chosen for analysis because it talks about a rather interesting topic, and deals with unemployment, especially in the United States and also in other European countries, it also talks about the methods of solving these problems and how these countries are trying to solve the unemployment problem. The analysis will use different economic models, it will elaborate unemployment, what it really 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 paid work.” (R. Kayne, 2014). In other words, workers who are willing to move forward, find a job and start working, are unable to do so and are said to be unemployed from then on. Unemployment levels in a nation are 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 and Involuntary Unemployment At an extremely fundamental level, unemployment could be divided into voluntary unemployment - unemployment due to individuals energetically leaving past occupations and now seeking new ones - and involuntary unemployment...... middle of paper ......cal unemployment to represent unemployment related to business cycles occurring in the economy. Cyclical unemployment occurs during recessions because, when interest in products and services in an economy declines, some companies respond by cutting production and laying off professionals rather than decreasing wages and costs. (Such wages and costs are called “sticky.”) When this happens, there are more specialists in an economy than there are accessible jobs, and the result must be unemployment. When an economy recovers from a slump or discouragement, cyclical unemployment tends to vanish regularly. As a result, economists typically focus on finding the root causes of economic downturns rather than contemplating how to remedy cyclical unemployment themselves...