What is being calculated?
The unemployment rate
How so?
by dividing the number of unemployed individuals by all individuals currently in the labor force
Is it generally low during a bad economic period?
no
How many folks didn't have jobs in 2012?
more than 200 million people globally
What percent is that?
Six
Says who?
the International Labour Organization
What uses focus on the cycle of folks not working?
Keynesian economics
Does that say governments should help?
yes
How so?
financial stimuli
Any other ways?
yes
Like what?
publicly funded job creation, and expansionist monetary policies
Who is this style of thinking named after?
John Maynard Keynes
What does he do?
he's an economist
What did the think caused the issue?
the desire of investors to receive more money rather than produce more products
Did he think this could be done?
no
Do experts agree on what makes folks jobless?
no
How many types of thought think markets fix it?
three
And they are?
Classical economics, new classical economics, and the Austrian School of economics
Do they agree with external influence trying to help?
no
Why not?
it will discourage the hiring of workers