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This change will lead to a change in standards for living while supporting different needs for individuals.
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. This
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Name Institution Course Tutor Date 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).
Unemployment might be defined as the number of person searching for job with their full initiative yet not getting one. People averse of working at any existing wage rate are considered as "economically inactive" and hence do not fall amidst the domain of Unemployment.
This has been the experience of the First World countries within the OECD whose unemployment figures started to breach the ILO standard in the early 1960s. Nickell, S. (2003) Based on the ILO definition, unemployment becomes a problem when the number of unemployed individuals reaches 1.5 per cent over the official employment rates.
The report reveals that the applications in 2007 for Jobseeker’s Allowances were around 835,800 that is not a good sign (Economics Help, 2007). Unemployment not only impacts an individual’s life and living standard, but it also affects the mind of
A worsening unemployment rate in the United Kingdom is likely one of the effects should a global economic crisis erupt a few months or years down the road.
In measuring unemployment, the United Kingdom Office for National Statistics (UK-ONS 2009, p. 7) gives emphasis on the