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.
Nobody downloaded yet

Unemployment in the UK - Essay Example

Comments (0)
Evaluate the different economic explanations of the current level of unemployment in the UK, discuss the economic and social costs and consider the policy measures available to the government to tackle the problem
According to a report of 2007, unemployment in the United…
Download full paper
Unemployment in the UK
Read TextPreview

Extract of sample
Unemployment in the UK

Download file to see previous pages... To understand more about the unemployment in the United Kingdom, it is of vital importance to elaborate the different types of unemployment. The types of unemployment indicate the causes of unemployment in any country. There could be many reasons or causes for the unemployment. In this paper, the causes and types relevant to the unemployment in the UK are discussed. Below are three common types of unemployment:
Cyclical/Keynesian or Deficient-Demand Unemployment: This type of unemployment is associated with the Gross Domestic Production (GDP). In this type of unemployment, the rate of unemployment goes up when the GDP goes negative.
Seasonal Unemployment: As obvious with the name, the seasonal unemployment refers to the seasonal opportunities. As the businesses related to the hotel reservation have some peak seasons. Their businesses are at peak in vacation months like December. February is mostly their off season.
Hidden Unemployment: People get frustrated when they constantly struggle to get jobs but unfortunately, they fail to obtain suitable positions. After some time, frustration makes them hopeless and government do not really count them so they are not reflected in the statistics. Such state refers to the hidden unemployment phase.
The claimant count and the labor force survey are the most successful and accurate ways to measure unemployment (Gillespie, 2007, pp.347-60). The claimant count refers to the number of applicant applying for the Jobseeker’s Allowance. However, it is not possible that all clamant applicants get successful. Due to the rigid requirements, one can fail to claim. Such applicants cannot be reflected in the total claimant count therefore, it is necessary not to just rely on this record. Another way to measure unemployment is the labor force count (Worswick, 1991, p.15). This way is quite reliable than the first one, only because this way, interviews with the help of people in measuring individuals who wish to do some ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
Youth Unemployment in UK
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).
4 Pages(1000 words)Essay
Unemployment in UK
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.
4 Pages(1000 words)Essay
Industrial Revolution and Unemployment in UK
Industrial Revolution and Unemployment in UK. Introduction Industrial revolution was dependent on the ideologies of scientists in developed societies. During that period, the UK society embraced the radical revolutionary dynamics in the global society while focusing on technological advancements, and its essence in the assurance of positive acquisition of success in advancements.
8 Pages(2000 words)Essay
Unemployment Problem the UK
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.
14 Pages(3500 words)Essay
Unemployment UK
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
20 Pages(5000 words)Essay
Level of Unemployment in UK
Finding ways to solve the specific complications of poverty begins with understanding the specific definitions of what it means to not only the individual but also the economy and social standards. As more is understood about rising levels of unemployment, individuals,
6 Pages(1500 words)Essay
Unemployment in the UK
According to the CEPR, the highest unemployment rate in the 21-country sample was 17.4% in terms of the harmonized unemployment rate while the lowest unemployment rate was 3.1% In short, while
6 Pages(1500 words)Essay
Unemployment in the UK
Indeed, this can be attributed to economic and business friendly policies that resulted in greater trade volume, strengthening of currency and creation of new business opportunities and trade ties. The size of market also increased substantially because of
6 Pages(1500 words)Essay
Evaluate the different economic explanations of the current level of unemployment in the UK, discuss the economic and social costs and consider the policy measures available to the government to tackle the problem
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
6 Pages(1500 words)Essay
Unemployment in the UK
Despite the level of growth and development of different countries all over the world, the problem of unemployment continues to persist. In the United Kingdom alone, latest statistics
6 Pages(1500 words)Essay
Let us find you another Essay on topic Unemployment in the UK for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us