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Essay | Unemployment Economics in the UK

This student essay consists of approximately 4 pages of analysis of Unemployment Economics in the UK.
This section contains 983 words
(approx. 4 pages at 300 words per page)
Purchase our Student Essay on Unemployment Economics in the UK

Unemployment Economics in the UK

Summary: Details key points about unemployment in the United Kingdom. Describes the two different ways of measuring unemployment. Considers how unemployed workers may create other external costs for the economy.
Unemployment is when somebody is not employed. In the UK, many people are not working but also are not ¡§officially unemployed.¡¨ These people are inactive members of the working age. To be an active member, you have to be employed or be registered unemployed.

There are two ways of measuring unemployment; the labour force survey and the claimant count. According to the LFS you have to be out of work, be actively looking for work and be available to start work in 2 weeks. The Claimant count is the number of people that are eligible to claim jobseeker¡¦s allowance. The LFS is the standard technique used to compare unemployment rates in different countries; it is employed by most developed countries. The problem with the claimant count is that politicians can alter unemployment by changing the rules as to who can claim benefit. Different countries have...

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This section contains 983 words
(approx. 4 pages at 300 words per page)
Purchase our Student Essay on Unemployment Economics in the UK
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