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    Unemployment

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    Googe Reviewer
    This document outlines a presentation on unemployment. It discusses measuring unemployment using labor force surveys, different types of unemployment including seasonal, frictional, structural, and cyclical unemployment. It also provides a working definition of unemployment as people able, available and willing to find work but who are not employed. The presentation covers employment, unemployment and economic growth, causes of unemployment, ways to eradicate unemployment, and concludes with a question and answer session.

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    © All Rights Reserved
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    Unemployment

    Uploaded by

    Googe Reviewer
    25 views14 pages
    This document outlines a presentation on unemployment. It discusses measuring unemployment using labor force surveys, different types of unemployment including seasonal, frictional, structural, and cyclical unemployment. It also provides a working definition of unemployment as people able, available and willing to find work but who are not employed. The presentation covers employment, unemployment and economic growth, causes of unemployment, ways to eradicate unemployment, and concludes with a question and answer session.

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    unemployment

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    This document outlines a presentation on unemployment. It discusses measuring unemployment using labor force surveys, different types of unemployment including seasonal, frictional, structural, and cyclical unemployment. It also provides a working definition of unemployment as people able, available and willing to find work but who are not employed. The presentation covers employment, unemployment and economic growth, causes of unemployment, ways to eradicate unemployment, and concludes with a question and answer session.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    25 views14 pages

    Unemployment

    Uploaded by

    Googe Reviewer
    This document outlines a presentation on unemployment. It discusses measuring unemployment using labor force surveys, different types of unemployment including seasonal, frictional, structural, and cyclical unemployment. It also provides a working definition of unemployment as people able, available and willing to find work but who are not employed. The presentation covers employment, unemployment and economic growth, causes of unemployment, ways to eradicate unemployment, and concludes with a question and answer session.

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    You are on page 1of 14

    N T

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    Y M
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    OUTLINE OF THE PRESENTATION
     Employment
     Types of unemployment
     Consequences of unemployment
     Unemployment and economic growth
     Causes of unemployment
     To eradicate unemployment
     Conclusion

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    MEASURING UNEMPLOYMENT
     The labour force survey(ILO measure) – An
    internationally agreed standard measure of
    unemployment

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    TYPES OF UNEMPLOYMENT
    Seasonal
    Regular seasonal changes in employment / labour
    demand
    Affects certain industries more than others
     Catering and leisure
     Construction
     Retailing
     Tourism
     Agriculture

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    TYPES OF UNEMPLOYMENT
    Frictional
    Transitional unemployment due to people moving
    between jobs: Includes people experiencing short
    spells of unemployment
    Includes new and returning entrants into the labour
    market
    Imperfect information about available job
    opportunities can lengthen the period of someone’s
    job search
    STRUCTURAL UNEMPLOYMENT
    Arises from the mismatch of skills and job
    opportunities as the pattern of labour demand in the
    economy changes
    Occupational immobility of labour
    Often involves long-term unemployment
    Prevalent in regions where industries go into long-
    term decline
    Industries such as mining, engineering and textiles
    CYCLICAL UNEMPLOYMENT
    There is a cyclical relationship between demand, output,
    employment and unemployment
    Caused by a fall in aggregate demand leading to a loss of
    real national output and employment
    A slowdown can lead to businesses laying off workers
    because they lack confidence that demand will recover
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    A WORKING DEFINITION OF UNEMPLOYMENT

    People able, available and willing to find


    work and actively seeking work – but not
    employed
    The unemployed are included in the labour
    force

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    Retirement

    • Older population => retirement costs


    – Retirement age
    – Labor force
    – People / Job opening
    • Youth unemployment

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    THANK YOU FOR YOUR ATTENTION

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    QUESTIONS ?

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