Causes Unemployment In The Uk Essay
Analyse the causes of Unemployment in the UK
Introduction
Unemployment means being out of a job and being out of work for many reason, which could include various reasons such as educational factors, willingness to work, inflation, recession and many other reasons associated with a person or the employer.
It is made up of those who want work and excludes those who are retired, disabled and those who can work but are not seeking a position or job. Tong says (2012) ‘government collects labor statistics for the purpose of understanding the extent and nature of employment and unemployment in the nation.’ (Tong, 2012) Unemployment affects a person’s earning and their standards of living as well as their livelihood. Unemployment is a great problem as well as a concern all over the world. It affects thousands of people in the UK as they are out of a job.
Mark Hoban (2011) told the BBC ‘The Government's economic policies – spending cuts and tax rises that go too far too fast - have choked off growth and led to record levels of unemployment, with youth unemployment soaring.’ (Curtis, 2011). This allows to understand that the cause of unemployment in the UK is due to the government through policies and due to intervention in the economy. Also this statement is said by the financial secretary to the treasury making it a …show more content…
Types of unemployment
Economists distinguish between different types of unemployment such as cyclical unemployment, structural unemployment, frictional unemployment and classical unemployment. Also there is voluntary unemployment which is to do with an individual’s decisions and there is also involuntary unemployment which is due to socio economic environment (market structure, government intervention, and the level of aggregate demand.
1. Cyclical
Introduction
Unemployment means being out of a job and being out of work for many reason, which could include various reasons such as educational factors, willingness to work, inflation, recession and many other reasons associated with a person or the employer.
It is made up of those who want work and excludes those who are retired, disabled and those who can work but are not seeking a position or job. Tong says (2012) ‘government collects labor statistics for the purpose of understanding the extent and nature of employment and unemployment in the nation.’ (Tong, 2012) Unemployment affects a person’s earning and their standards of living as well as their livelihood. Unemployment is a great problem as well as a concern all over the world. It affects thousands of people in the UK as they are out of a job.
Mark Hoban (2011) told the BBC ‘The Government's economic policies – spending cuts and tax rises that go too far too fast - have choked off growth and led to record levels of unemployment, with youth unemployment soaring.’ (Curtis, 2011). This allows to understand that the cause of unemployment in the UK is due to the government through policies and due to intervention in the economy. Also this statement is said by the financial secretary to the treasury making it a …show more content…
Types of unemployment
Economists distinguish between different types of unemployment such as cyclical unemployment, structural unemployment, frictional unemployment and classical unemployment. Also there is voluntary unemployment which is to do with an individual’s decisions and there is also involuntary unemployment which is due to socio economic environment (market structure, government intervention, and the level of aggregate demand.
1. Cyclical