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Published byNorman Freeman Modified over 9 years ago
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Its not just people who don’t have a job anymore What causes unemployment? http://www.youtube.com/watch?v=pVVk_NiQRls
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http://www.youtube.com/watch?v=hwWGzQ_FUtQ http://www.youtube.com/watch?v=hwWGzQ_FUtQ
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16-65 who are not working but are looking for a job.
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Drop outs are people who have stopped looking for a job. Even if they could get a job they would not take it. Retirees don’t count Full-time Students don’t count Committed individuals don’t count Incarcerated individuals don’t count
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http://www.youtube.com/watch?v=_CdTu1pk06w http://www.youtube.com/watch?v=_CdTu1pk06w
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http://www.youtube.com/watch?v=Ulu3SCAmeBA http://www.youtube.com/watch?v=Ulu3SCAmeBA
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Frictional Unemployment: o Unemployment caused when people move from job to job and claim benefit in the meantime
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Seasonal Unemployment: Unemployment caused because of the seasonal nature of employment – tourism, skiing, cricketers, beach lifeguards,
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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 o technology When the structure of the economy changes to make jobs obsolete.
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Technological Unemployment: Unemployment caused when developments in technology replace human effort – tech. in manufacturing, administration
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Cyclical Unemployment is unemployment caused by the fluxuations in the business cycle. Ex- Layoffs during an economic slowdown or recession
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