{"id":24781,"date":"2015-03-02T11:28:37","date_gmt":"2015-03-02T11:28:37","guid":{"rendered":"http:\/\/vskills.in\/certification\/blog\/?p=24781"},"modified":"2024-04-03T13:15:35","modified_gmt":"2024-04-03T07:45:35","slug":"unemployment-during-a-boom-in-the-economy","status":"publish","type":"post","link":"https:\/\/www.vskills.in\/certification\/blog\/unemployment-during-a-boom-in-the-economy\/","title":{"rendered":"UNEMPLOYMENT during a boom in the economy"},"content":{"rendered":"<p style=\"text-align: center;\"><a ref=\"magnificPopup\" href=\"http:\/\/vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/UNEMPLOYMENT-during-a-boom-in-the-economy.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-26261\" alt=\"UNEMPLOYMENT during a boom in the economy\" src=\"http:\/\/vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/UNEMPLOYMENT-during-a-boom-in-the-economy.jpg\" width=\"275\" height=\"183\" \/><\/a><\/p>\n<p>A boom in the economic growth of a country happens to be a period in which lower unemployment, a rise in asset prices and a higher GDP persists. But with the rise in employment, people also have to go through a phase of unemployment and there could be many reasons for the same. Some of the reasons may be&#8230;<\/p>\n<p>As we all know that a boom in an economy brings with itself a ray of hope for many job seekers to get employment in high-tech industries but there are people who are unfit to the vacancies and so such structural unemployment gains a hold in the economy. It may also happen that a particular industry gives a rise in GDP and if that industry turns out to be some capital intensive industry, not much unemployment is expected to be vanished.<\/p>\n<p>During a boom in the economy, high minimum wages and costly regulations seems to be an indication of a rise in living standard of people but that too, turns out to be a way which could make firms not to hire workers any more and moreover, to lay off some workers to avoid huge costs.<\/p>\n<p>Frictional unemployment could be a reason too, which exists when people leave their jobs and takes time to find a well suited job for them, or when some industry is closing down and there could be other reasons too.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><a href=\"http:\/\/www.vskills.in\/certification\/certifications\">Click here for government certifications<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A boom in the economic growth of a country happens to be a period in which lower unemployment, a rise in asset prices and a higher GDP persists. But with the rise in employment, people also have to go through a phase of unemployment and there could be many reasons for the same. Some of&#8230;<\/p>\n","protected":false},"author":470,"featured_media":26261,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[1560],"tags":[1366,2138,2118,1154],"class_list":["post-24781","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-arbit","tag-economy","tag-gdp","tag-prices","tag-unemployment"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UNEMPLOYMENT during a boom in the economy - Vskills Blog<\/title>\n<meta name=\"description\" content=\"What are the consequences of rising unemployment in an economy?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/blog\/unemployment-during-a-boom-in-the-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UNEMPLOYMENT during a boom in the economy - 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