1. Unemployment

2. Unemployment Various definitions/measurements:
Can be measured as a number (ie 3 million) or as a % of the workforce
The number of people of working age who are without a job
The Claimant Count – those actively seeking work and claiming benefit
ILO (International Labour Organisation) measure the number of people available for work and actively seeking employment

3. Types of Unemployment Demand Deficient:
Caused by a general lack of demand in the economy – this type of unemployment may be widespread across a range of industries and sectors
Keynes saw unemployment as primarily a lack of demand in the economy which could be influenced by the government
A fall in aggregate demand can lead to a decline in spending forcing businesses across the economy into closing with damaging effects on employment as a result.
Copyright: Beeline,

4. Types of Unemployment Structural Unemployment:
Unemployment caused as a result of the decline of industries and the inability of former employees to move into jobs being created in new industries

5. Types of Unemployment Frictional Unemployment:
Unemployment caused when people move from job to job and claim benefit in the meantime
The quality of the information available for job seekers is crucial to the extent of the seriousness of frictional unemployment

6. Types of Unemployment Seasonal Unemployment:
Unemployment caused because of the seasonal nature of employment – tourism, skiing, cricketers, beach lifeguards, etc.