Unemployment is 'involuntary' when the price is above its market clearing level. Workers are unemployed because jobs are not available at the prevailing wages, period. The only recourse is to either expand the number of jobs or somehow lower the wage.

When you affect consumption, production falls, and when production falls, employment falls and when unemployment rises, it affects poverty.

Long-term unemployment is particularly costly to those directly affected, of course. But in addition, because of its negative effects on workers' skills and attachment to the labor force, long-term unemployment may ultimately reduce the productive capacity of our economy.

No president has ever been elected with unemployment over 8 percent.

We obviously would like to get unemployment as low as we possibly can.

Nevada was hit hardest by the recession - highest unemployment, highest foreclosure rate, highest bankruptcy rate.

1819 was a year of hunger, mass unemployment, political repression and murderous, state-sanctioned violence.

It's a European Union of economic failure, of mass unemployment and of low growth.

Automation is going to cause unemployment, and we need to prepare for it.

Since 1994, unemployment rates are lower. Median household income is higher. A greater percentage of Americans are graduating from college. Home ownership rates are higher. And the violent crime rate has decreased.