Unemployment

50 %
50 %
Information about Unemployment
Education

Published on June 11, 2013

Author: aquinaseconomics

Source: slideshare.net

Description

Information on the Causes, Types of Unemployment plus the attempts at combating it

Aquinas College Economics DepartmentUnemploymentMeasurement, Types andCombatingECON4

Aquinas College Economics DepartmentMeasuring Unemployment1. Claimant Count: counting those who are inreceipt of Job Seekers Allowance2. Labour Force Survey: This is the measure thatis used internationally. Includes those whohave looked for work in the past month andare able to start a new job within two weeksNormally higher than the Claimant Count as not allunemployed people claim JSA

Aquinas College Economics DepartmentCauses of UnemploymentGeographical Immobility– Lack of national knowledge or inability to move towhere employment isUnemployment Trap– If getting a job would leave the person worse offfinancially than staying on benefitsDeindustrialisation– A fall in the proportion of national output accountedfor by the manufacturing sectorVoluntary– When workers choose not to accept work

Aquinas College Economics DepartmentTypes of UnemploymentOften known as transitional unemploymentIt exists when workers are moving between jobsTypically graduates may take time to settle into a job they willaccept1. Frictional UnemploymentCasual is when employees are made redundant on a short termbasis such as in the tourism or construction industrySeasonal unemployment is casual unemployment but that variesduring times of the year such as Christmas employees2. Casual & Seasonal Unemployment

Aquinas College Economics DepartmentTypes of UnemploymentExists when long run decline affects an area quite often linkswith deindustrialisationChanges within the structure of an economy help towards this3. Structural UnemploymentA form of structural unemployment that occurs when workersare replaced by machines4. Technological Unemployment

Aquinas College Economics DepartmentTypes of UnemploymentExists during a recession in the economy and can attributed to afall in AD.5. Cyclical UnemploymentVoluntary – when people choose not to accept work at thecurrent pay rateInvoluntary – occurs when a worker is prepared to accept thecurrent wage rate but cannot find work6. Voluntary/Involuntary Unemployment

Aquinas College Economics DepartmentEXTypes of UnemploymentResults in wages being kept above the market clearing levelleading to an excess of labour7. Classical UnemploymentRealWageRateEmploymentAS of LabourAD for LabourW1WQSQAS1QDLetterQ WageEquilibriumW1 Fixed WageLevelQD LabourDemandedQS LabourSuppliedEX ExcessSupply

Aquinas College Economics DepartmentConsequences of UnemploymentEconomic Costs:-– Wastes scarce resources and lost output– Likely to reduce consumer spending– Ceteris Paribus it will reduced AD– Government revenues fallSocial Costs:-– Evidential links with unemployment and poorhealth and higher divorce rates

Aquinas College Economics DepartmentBenefits of Unemployment Firms can keep wages low and lower costs Inflationary pressure can be kept low Reduced consumption of raw materialsparticularly non renewables

Aquinas College Economics DepartmentCombating UnemploymentGovernment tries to stimulate demand in an economy hoping tocreate a multiplier effectRegional policies may also be used to target specific areas ofunemployment1. Demand Side PoliciesProgrammes to reduce occupational immobility can be used tomake switching jobs easier – Education and TrainingGeographical Immobility can be combated by investing in jobdatabases2. Supply Side Policies

Add a comment

Related presentations

Related pages

dict.cc Wörterbuch :: unemployment :: Deutsch-Englisch ...

Englisch-Deutsch-Übersetzung für unemployment im Online-Wörterbuch dict.cc (Deutschwörterbuch).
Read more

Unemployment Compensation

PA Unemployment Rate at 5.8% in October Pennsylvania’s unemployment rate was up one-tenth of a percentage point from September. Read More...
Read more

Unemployment Filing Service

Please complete the following steps to find resources for filing an unemployment claim with your state and to see other offers: Step 1: Fill out the form ...
Read more

Unemployment - Wikipedia

Cyclical, deficient-demand, or Keynesian unemployment, occurs when there is not enough aggregate supply in the economy to provide jobs for everyone who ...
Read more

Unemployment Insurance - New York State Department of Labor

Unemployment Insurance. Do you currently participate in a Shared Work program? Please take a moment to answer a few quick questions (on SurveyMonkey) about ...
Read more

U.S. Bureau of Labor Statistics

The Bureau of Labor Statistics is the principal fact-finding agency for the Federal Government in the broad field of labor economics and statistics.
Read more

Unemployment Insurance - California Employment Development ...

The Unemployment Insurance (UI) program pays benefits to workers who have lost their job and meet the program’s eligibility requirements. If you have ...
Read more

Ohio Unemployment Benefits Online

Suspect Fraud? Report it by calling toll-free. 1-800-686-1555 or click: Report Fraud
Read more

National economy & environment - Unemployment - Federal ...

In 2014, roughly 330,000 young people aged 15 to 24 years were unemployed in Germany, according to results of the labour force survey.
Read more

Unemployment statistics - Statistics Explained

Unemployment trends. At the beginning of 2000, above 20.5 million persons were unemployed in the EU-28, corresponding to 9.2 % of the total labour force.
Read more