What Is Unemployment?

There are three main types of unemployment: cyclical, structural, and frictional.1 Cyclical unemployment is, unfortunately, the most familiar. It occurs during a recession. The second two—structural and frictional—make up the natural unemployment rate. This article summarizes nine types of unemployment. In addition to the four listed above, it explains long-term, seasonal, and classical unemployment. It … Read more

How an Insurance Deductible Works in 2024

DEFINITIONAn insurance deductible is the amount of money you will pay on an insurance claim before the insurance coverage kicks in and pays the rest. Key TakeawaysAn insurance deductible is an amount you pay before your insurer picks up its share of an insured loss.The amount you’ll owe will differ from plan to plan.You’ll pay … Read more