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

Level of Unemployment in UK - Essay Example

Comments (0) Cite this document
The paper "Level of Unemployment in the UK" discusses the changes that lead to a change in standards for living while supporting different needs for individuals. There is also a strong impact on social living standards and the economy. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.9% of users find it useful
Level of Unemployment in UK
Read TextPreview

Extract of sample "Level of Unemployment in UK"

Download file to see previous pages The basic definition of unemployment is when an individual doesn’t have a job and is nonworking. This definition leads the individual into a specific status that defines them as unemployed because they don’t hold a regular job and have inactivity in terms of finding a job. However, there are different measurements that are used for the unemployed because of the level of activity that is defined as well as the conditions in which different individuals are under. When looking at the overall idea of unemployment, it is defined by including anyone who is not performing a series of activities in the labor field or through a job. However, there are different levels that are included in this, specifically which is measured by the frequency in which one is unemployed as well as the basic structure that they rely on to receive monetary needs over a period of time (Brandolini, et al, 153, 2006).
The structure of unemployment through the basic definition is defined by measurements that determine the frequency in which an individual is out of a job. This is defined first by an unemployment cell, which is divided by the amount of time one is out of a job as well as the frequency in which this occurs. This is also measured through the region in which one is in, specifically because it provides a comparison in the economic levels and demands for employment. The first measurement is known as seasonal unemployment, in which demands change based on labor-intensive markets for each time frame. Most levels of employment that are offered seasonally include outdoor jobs and labor-intensive options. The second type of unemployment is frictional, also referred to as demand – deficient unemployment. When the economy begins to emerge, temporary employment becomes available.  ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(Level of Unemployment in UK Essay Example | Topics and Well Written Essays - 1500 words, n.d.)
Level of Unemployment in UK Essay Example | Topics and Well Written Essays - 1500 words.
(Level of Unemployment in UK Essay Example | Topics and Well Written Essays - 1500 Words)
Level of Unemployment in UK Essay Example | Topics and Well Written Essays - 1500 Words.
“Level of Unemployment in UK Essay Example | Topics and Well Written Essays - 1500 Words”.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Level of Unemployment in UK

Youth Unemployment in UK

... Youth Unemployment in UK Youth unemployment is a worldwide economic crisis, especially with the current global economic hardships. A recent report by the Office for National Statistics indicates that the number of jobless youth in the UK hit a record of 1.02 million in the quarter (Pym, 2011: 21). According to the report, which defines youth as the age between 16 to 24 years, individuals claiming allowances for jobseekers rose from 5,300 to 1.6 million in October 2011. In general, the rate of youth unemployment has gone just past twenty percent, the highest ever recorded since 1992. Some economists have attributed these results to the reeling effects of the 2009 recession to the increase in the number of youths leaving school...
4 Pages(1000 words)Essay

Unemployment in UK

... lack the right work ethics. Furthermore it is often seen that the workers are more interested in real wage than nominal wage courting a fall in their purchasing power. (Barrow) Evaluation & Conclusion It has been specified by Hamilton that the Prime Minister of UK has been administering a budget cut. A budget cut refers to a decline in government expenditure that will translate to lower level of national output. Now output is an increasing function of capital and labor. Now if output declines with capital remaining the same then labor will decline. It implies that budget cut might result in decline in employment of labor or increased number of unemployment. The aforesaid discussion has been explained graphically below. AD implies aggregate...
4 Pages(1000 words)Essay

Unemployment UK

...Unemployment UK Introduction: The UK National Rate of Unemployment (NRU) has stayed logically steady through time and that the intermediate-run swaysin unemployment owe, instead, to very long-drawn-out after-effects of unrelenting (momentary but ongoing) shocks. The precedent UK labor market shocks have delayed consequences on unemployment owing to communications among dissimilar lagged amendment procedures in the labor market. Many of the significant shocks that have knocked the UK labor market more than the past 25 years have been continual and the perseverance of the alarms is balancing to the perseverance of the lagged amendment procedures in generating progresses of UK employment (Henry, Karanassou and Shower, 2000). The main swings...
20 Pages(5000 words)Essay

Minimum wages and unemployment level

... improve on the performance of the business (Great Britain: Parliament: House of Commons: Trade and Industry Committee, 2005). UK possesses a higher minimum wage as compare to the USA an indication that the least payment per hourly rate within the UK is much higher. The following is a graph demonstrating the rate of wage rate in UK. By setting up a low minimum wage, the USA has an opportunity of attracting additional investors. For this reason, the level of unemployment would drastically reduce, there would be increased incidents of worker exploitation in the case of a single employer. By setting up a higher minimum wage, citizens of the UK would appreciate the narrowing of the gap that exists between the highly paid and the lowly paid...
8 Pages(2000 words)Essay

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

Management of the UK Music Industry

Online market demand is dominated by teenagers who have shifted their purchases from singles CDs to mostly illegal downloads of singles tracks, stimulated by continually evolving software and P2P networks. In order to survive, market players have to reconsider their strategies and value propositions – by mergers of music labels; flexible pricing and value-added offers by online distributors and active ethical campaigns, the challenge before these companies is to convert the internet medium from a threat to copyrighted material into an effective distribution channel.
Rivalry among competing sellers in the industry – rivalry among legal internet music sites is not too intensive, because the legal online download ind...
15 Pages(3750 words)Case Study

The Trade Union Movement in the UK

Before the ERA 1999, union membership and recognition in the UK were characterized by voluntarism, in which employers and employees could bargain over the terms and conditions of employment without any legal interference. With the statutory system ushered in by the new law, voluntary recognition of unions is no longer allowed and it becomes unlawful for British employers to deny recognition to unions under any circumstances. That conveys the impression that ERA created a radical change in British industrial relations. This paper takes the contrary view, however, and proposes that while the new industrial relations law looks revolutionary in principle, there are no fundamental changes in actuality for the change to qualify as &ldqu...
8 Pages(2000 words)Case Study

Credit Crunch in the UK

To sell more profitable subprime mortgages, mortgage companies bundled the debt into consolidation packages and sold the debt on to other finance companies. In other words, mortgage companies borrowed to be able to lend mortgages. For example, the lending was not financed out of saving accounts (Mortgage Guide).

These mortgage debts were bought by financial intermediaries. The idea was to spread the risk, but, actually, it just spread the problem. Usually, subprime mortgages would have a high-risk assessment rating. But, when the mortgage bundles got passed onto other lenders, rating agencies gave these risky subprime mortgages a low risk rating. Therefore, the financial system denied the extent of risk in their balance...
8 Pages(2000 words)Case Study

Unemployment in UK

The history of unemployment in the UK tells that during Great Depression the rate of unemployment was very high in the country. It reached to the level of 25 percent but after that time, unemployment rate used to remain at a low level and with the help of different policies and strategies the government of the UK succeeded to attain more or less full employment level until the 1970s. However, after an oil prices fluctuation in the 1970s the unemployment rate was also badly affected and gradually it began to rise. The recent rise in the unemployment rate is highest during the last decade and the country is facing the worst situation with respect to unemployment crisis in the country (Pettinger, p2, 2009). The following table shows...
9 Pages(2250 words)Assignment

The Extent to Which Unemployment Is a Microeconomic As Opposed To a Macroeconomic Problem

... markets fail to produce efficient results. Unemployment is a problematic area both from macroeconomic and microeconomic point of view. Unemployment remains the subject matter of macroeconomics until the allocation of resources by the government for growth oriented plans and programmes are productive to add to the employment generation and increase its level from the existing base. However, unemployment is not a straight subject as this is beset with various microeconomic problems of wages, skill, training, hours of work, welfare and myriad of employment dynamics. Therefore, labour economics deals with all these aspects to look into the details and finds solution (Sundram and Vaish, 1992). Description Unemployment is an important measure...
6 Pages(1500 words)Assignment

UK Employment Policy

Analysts explain that this situation is not simply because citizens don’t want to exercise this fundamental right, but largely because of the continued failure of the governments to institute an effective implementation of employment policies put in place (Howell, 2005). It has clearly been demonstrated by Mathew (2006) that the United Kingdom government has shown a lot of unwillingness in tackling the reported unemployment crisis.

Available research findings reveal that there are high unemployment rates among UK born ethnic minorities which show great diversities. According to a 2001 report, it is shown that unemployment rates amongst UK born men and women from black, Bangladeshi and Pakistani ethnic groups were...
9 Pages(2250 words)Case Study

Contrast of Two Explanations of Social Disorder in Contemporary UK Society

As the process of urbanization takes off and more people start residing in major cities, the fissures start to appear within the apparent harmonious co-existence. There are several reasons why disorderly conduct on part of individuals and groups takes place. Sociologists have proposed numerous theories explaining this phenomenon.

Erving Goffman was an astute observer of society, who immersed himself in the social environment which he was studying. He carefully observed and recorded the ways in which people’s behavior and interpersonal interactions are carried out in everyday life. He notes that “people perform their social roles and, as they do so, they produce social order through their actions and the regu...
6 Pages(1500 words)Article

The Level of Profitability of Gulf Cooperation Council Banks

It is widely held that the banking sector is a key factor underpinning the success of any economy. Banking institutions have always aimed to channel funds collected from savings towards investments in projects and other productive ventures, lending credence to the findings of past researches that established a significant relationship between economic advances and financial growth. The operating environment of the banking industry is constantly developing and evolving, with macro as well as micro factors playing a significant part in the overall structure and performance of some global financial institutions of which banks are an integral part.

For a bank to be profitable, it needs to achieve the optimal operating leve...
13 Pages(3250 words)Case Study

The Key Macro Factors that Have Influenced the UK Grocery Retailing Industry since the Early 1960s

Johnson et al highlight that external macro-economic factors intrinsically impact strategy management and without accounting for macroeconomic factors in strategy development and management, a business will fail (Johnson et al, 2008, p.3). If we consider this contextually with regard to the UK grocery market; the move demise of the local high street store to the dominance of supermarkets in the past 20 years has radically transformed the grocery market ( Henry, 2008, p.77). For example, the DEFRA Economic Note on UK Grocery Retailing (2006) indicates that in addition to continued growth in the UK Grocery Retail sector; approximately “3/4 sales are made in supermarkets and superstores… with traditional small retailers...
13 Pages(3250 words)Assignment

The Economic Causes of the Current Level of Unemployment in the UK

...Topic: Unemployment Introduction Before finding an answer to the economic causes of the current level of unemployment in the UK, it is essential to define unemployment. Let’s consider a web definition of employment, which states that unemployment is “An economic condition marked by the fact that individuals actively seeking jobs remain unhired. Unemployment is expressed as a percentage of the total available work force. The level of unemployment varies with economic conditions and other circumstances” ( From a European perspective, unemployment is “A measurement reflecting the number of people actively looking for, but unable to find work” ( We can say...
8 Pages(2000 words)Term Paper

The History of Regulations on Corporate Governance: Comparison between UK and USA

Corporate governance relates to the distribution of rights and obligations among stakeholders in an organization. The different practices around the world, however, have made it virtually impossible to provide a universal definition of corporate governance. The current global financial crisis is perceived to be a result of “a crisis in corporate governance”. The global penetration of Anglo-American institutions of governance and markets have given rise to a number of doubts about the effectiveness of the Anglo-American corporate governance model.

As a result, there is considerable debate over whether world economies will gravitate toward adopting a common Anglo-American corporate governance structure or will...
84 Pages(21000 words)Dissertation
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 Essay on topic Level of Unemployment in UK for FREE!

Contact Us