StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Unemployment and Government Intervention Strategies - Research Paper Example

Comments (0) Cite this document
Summary
Unemployment and Government Intervention Strategies
Unemployment is a situation whereby people willing to secure employment at certain payment rate available do not actually work. This is despite their vigorous search for a job…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.8% of users find it useful
Unemployment and Government Intervention Strategies
Read TextPreview

Extract of sample "Unemployment and Government Intervention Strategies"

Download file to see previous pages Unemployment and Government Intervention Strategies

The report reveals that unemployment rate rose to 8.4 %. This is the highest unemployment rate captured since the year 1996. The report further indicates that the statistics of citizens without employment hit a record of 2.67 million in the period between November and January. This increase by 28,000 unemployment numbers was recorded in October in 2011. Moreover, this report shows that unemployment figures in the year 2011 was higher by 148,000 as compared to the year 2010. There were also noticeable differences in unemployment figures between men and women. The number of jobless men was 1.54 between November and January. That of women without employment was 1.13 million in the three months period. According to the Office of National Statistics, the number of people claiming Jobseekers Allowance in December 2011 hit a 1.6 million. This number marked an increment of 1,200 from the unemployment Data collected in October. The report asserts that the number of young people aged 16-24 and seeking employment increased to a new record of 1.043 million. With greater numbers of employees, lay-offs in the banks, public sector, and private sector the unemployment situation in UK may aggravate. This is a matter of urgency concern and the governments in UK should take sound interventions to curb it.
Persistently, high unemployment creates huge costs for individuals and the economy of a nation as a whole. Some of costs are difficulty to value and measure, especially the long-term social costs. The economy as a whole suffers because national product falls as a direct consequence of the inability of the market to equalize the marginal products of equally productive labor. Unemployment presents a waste in national scarce resource. The economic output could be higher if the unemployed are at work. It leads to poverty for those people without an employment. Therefore, unemployment is an indicator of nation’s poor economic performance (McEachem, 2011). Unemployment has both private and social cost. To start with, it is a source of stress and ill health to many people. Without a stable income, individuals cannot afford basic health care. This means that an individual cannot get better medical treatment. This results to lower life expectances. Individuals die either out of disease complication or out of incapability to afford proper diet. Second, unemployment destabilizes the living standards of individual. Jobless individuals cannot cater for the basic needs of their families. Inability to provide for the family may lead to homelessness, misunderstanding, divorce, and indebtedness (McEachem, 2011). Third, joblessness leads to loss of skills necessary for individual development. Individuals who stay away from work environment do not have an opportunity to hone their skills to respond to the current labor demand. The prowesses of unemployed individuals lose applicability due to changing trends in the labor market (Kitson, 2010). This in turn can lead to skepticism and pessimism about the true meaning and value of education. This can change individuals to have a narrow focus on education and training. It therefore means that an individual will be less willing to invest in the education system of a nation. The quality of education will dwindle robbing the country its potential human resource. Fourth, the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Unemployment and Government Intervention Strategies Research Paper”, n.d.)
Unemployment and Government Intervention Strategies Research Paper. Retrieved from https://studentshare.org/macro-microeconomics/1447673-does-unemployment-matter-and-what-can-governments
(Unemployment and Government Intervention Strategies Research Paper)
Unemployment and Government Intervention Strategies Research Paper. https://studentshare.org/macro-microeconomics/1447673-does-unemployment-matter-and-what-can-governments.
“Unemployment and Government Intervention Strategies Research Paper”, n.d. https://studentshare.org/macro-microeconomics/1447673-does-unemployment-matter-and-what-can-governments.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Unemployment and Government Intervention Strategies

Marketing Communictions Strategies of the Col Drinks in the UK

Unfortunаtely for smаll soft drink compаnies such аs the Double- Colа Co., the prize of less thаn one percent mаrket shаre is won only by fighting а dаily bаttle for survivаl, especiаlly аgаinst industry giаnts Cocа- Colа аnd Pepsi- Colа.

The following investigаtion is а cаse study of the successes аnd fаilures of one smаll compаny in the soft drink wаrs. It is а testаment to the meаning of brаnds аnd the lengths thаt loyаl consumers go to keep Double- Colа аs their fаvorite beverаge. Аnd it is аn evаluаtion of how аdequаtely the current regulаtory environment serves the needs of these consumers аs well аs Double-Colаs owners аnd bottlers. It аddresses criticisms thаt the regulаtory environment permits аn uneven plаying...
19 Pages(4750 words)Case Study

Why Was the Provisional Government Overthrown in Russia

Nicholas II didn’t have the political will, didn’t have the emperor’s charisma and was a short-eyed politician. His surrounding was unqualified men too and neither they nor he had a clear idea about the situation in the country as they lived in the world of luxury. It’s enough to remind that situation in 1917 in Russia was very uneasy: Russia barely survived the revolution of 1905, the working movement inspired by Marxist ideas was growing on the hand with nationalism in Poland, Finland, Ukraine, Baltic provinces and Caucasus. Imperial government policies were very ineffective and in many respects suppressed the dynamic development of the province. The domestic and foreign policy caused the nation’s a...
6 Pages(1500 words)Assignment

Operations Strategies for Gaining Competitive Advantage

The whole corporation strategy is based on the principle of direct contact with customers. This contact is achieved by selling computer systems directly to the customers (direct business model). As of its performance objectives, the company is been focused on the retention of its current position in the market (Daroca et al, 1996) with a prospect of an extension of its area of influence through the application of direct business model (as analyzed above) as well as its entrance to new, standardized product categories, such as network servers, workstations, mobility products, printers and other electronic accessories [1]. Another characteristic of a corporation’s strategic options (regarding the performance objectives set whe...
10 Pages(2500 words)Assignment

The Causes of Plagiarism and Strategies to Prevent It in a University Environment

There is another aspect of practicing plagiarism, which has been discussed by Edward M. White. He has seen the problem of plagiarism from a different angle in his “opinion” article in Chronicle of Higher Education, “Student Plagiarism as an Institutional and Social Issue”. He has raised the issue of “Research Assistance” provided by advertisers, “Thousand of papers in stock, available for any course”, pointing to the problem of not only graded students papers going out of the office for resurfacing in future but the immoral practice of taking outside sources help to complete the assignments, which, according to the writer, needs to be fixed. This trend of plagiarism has degraded lear...
12 Pages(3000 words)Report

Has Government by States Given Way to Inter and Non-State Governance

The application of theories related to the state and its governance can be proved very helpful towards the creation of an effective and well-structured state. However, the phenomenon of a ‘subjective’ interpretation of the above theories is common especially when there are specific targets that need to be achieved by the interested parties (usual participants in a state’s political or social life). For this reason, it is necessary that specific rules and guidelines are followed when studying and interpreting the views of theorists regarding the position, the role and the power of the state.

Within the state, there are many ‘political’ and ‘social’ forces that try to impose their...
10 Pages(2500 words)Report

Successful Third-Party Intervention in Intrastate Conflicts

The use of a mix of economic and military elements definitely does increase the chances of success in third-party interventions in intrastate conflicts. So too does the suggestion of the intervention by a large nation, due to its ability to bring into play a greater economic and military might, but that would be subject to the motivation of the large nation in the third-party intervention, and its intervention accepted with trust by all the conflicting elements. However, the suggestion that intervention with policies weighted in favor of the government does not go down well, as the issue of fairness in approach is absent.
The author points out on the basis of the analysis that ideological reasons are the cause for a larger nu...
6 Pages(1500 words)Assignment

Three Types of Unemployment

Nevertheless, whatever the reasons may be, the state of unemployment is fatal for any person if he is actively seeking employment. Any individual at any stage can be bitten by this worm of unemployment. Unemployment also gives an indication of how the economy of a country is performing, higher the number of unemployed people in the economy more is the dipping status of the economic sector. So hereby, we see that the country’s unemployment status has an inverse relationship with economic growth. The economic growth of a country is governed by inflation in the economy, which in turn is governed by the money supply in the economy.

NSSO defines Unemployment as a situation in which all those who, owing to lack of work...
15 Pages(3750 words)Assignment

Evaluation of the Course: Teaching and Learning Strategies

I will begin my evaluation with the objectives of the course, discuss a theory that is relevant to learning styles to see how it fits with the course and then provide my conclusions about how this course meets the objectives of the course.

 I am assuming that the Teaching and Learning Strategies class was created for students at the college level who were going into some form of teaching or training.

To evaluate this course it is a good idea to start from the beginning and look at the objectives. As I was looking for references in this process, I found a website that had tips for designing instruction that I felt would offer me a structure to work within. According to "Instructional Design," the instruct...
7 Pages(1750 words)Term Paper

Marketing Strategies of Apple i-Phone

‘Apple Inc’ is an American multinational corporation designing and manufacturing consumer electronics including computers, notebooks mobile phones, and software products. The company’s best-known hardware products include the iPhone, iPod and very recently launched 3G Apple iPhone.

iPhone became one of the most discussed new technology products, surpassing the wider coverage of other very well-known mobile phones that have been playing the best roles in the market. When Apple CEO Steve Jobs stood on the stage at the Macworld Expo in San Francisco and announced “We’re going to make some history together; Today Apple is going to reinvent the phone” (Jobs 2007), it could really influence...
8 Pages(2000 words)Case Study

Epidemiology of Avian Influenza, and Pandemic Preparedness Strategies

The Asian Flu claimed 70,000 people’s lives in 1957. The Hong Kong Flu in 1968 killed 34, 000 people (Howard, 2007). These previous occurrences have made world and community leaders as well as the public fearful of a threat of a pandemic. The Avian flu virus is a type A influenza virus. Type A influenza viruses can be found in humans, birds, and other mammals. It is the only type of influenza virus that has caused pandemics as evidenced by history (Beigel, 2008).

Only four known strains of avian influenza viruses have been found to affect humans among them H5N1, H7N3, H7N7, and H9N2. Among the four, H5N1 is the most highly pathogenic. It is the greatest source of alarm due to two primary reasons. The first reason...
7 Pages(1750 words)Report
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Unemployment and Government Intervention Strategies for FREE!

Contact Us