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CW - Essay Example

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There have been a number of cases where the employees within the country have lost jobs due to the environmental changes and changes in the economy of the country. This paper aims at…
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Download file to see previous pages... ased on the study and research, a through conclusion has been made to give a clear insight into whether the job insecurities in UK are a myth or a fact. The next section will provide a brief overview of the UK employment scene.
As seen on the National Statistics website, the country’s unemployment rate for the quarter leading up to June 2010 was reported to be 7.8% which was noted to be down by 0.2% (National Statistics, 2010). The number of unemployed people also fell to 2.46 million during this period. The reports show that there was a fall in the number of people unemployed up to twelve months had fallen by 82000 and this reached a level of 1.66 million. However considering the number of people who were unemployed for a period of twelve months or more, it is clear that the number of people who were unemployed was much higher and this increased by almost 33,000 to reach 796,000. This has been recorded to be the highest figure since March 1997 (National Statistics, 2010). The graph below provides a clear insight into the current trend of the unemployment rate in the country.
Over the last two years it has been noticed that the government along with the help of the Bank of England have been able to improve the growth of UK. It is to be noted that the Government has continued to take a lot of efforts to build different programs which would help the country sustain its economic performance and ensure growth of employment within the country. The results have varied. The next section will deal with the job security and insecurity that is faced in the country.
With the current recession that has been faced by the country, there has been a major impact on the employment of people across the country. Unemployment rate plays a very important role in the macro economics of a country. The unemployment rate of a country helps macroeconomists analyse the number of people who are a part of the pool of labour however are unable to find work. It has been noted from previous ...Download file to see next pagesRead More
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