Unemployment

Key issues
The meaning of unemployment
Different types of unemployment
Consequences of unemployment
Unemployment and economic growth
Recent trends in UK unemployment
Full employment
Measuring Unemployment
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.
Types of Unemployment
Seasonal
Regular seasonal changes in employment/labour demand
Affects certain industries more than others
Catering and leisure
Construction
Retailing
Tourism
Agriculture
Type of unemployment
Frictional
Transitional unemployment due to people moving between jobs:includes people experiencing short spells of unemployment
Include new and returning entrants into the labour market
Imperfect information about available job opportunities can lengthen the period of some one's job search