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How has the UK labour market changed over the last 20 years.
Member rating: No Rating | Words: | Submitted: Mon Mar 08 2004
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HOW HAS THE UK LABOUR MARKET CHANGED OVER THE LAST 20 YEARS The different types of Unemployment There are many different types of unemployment, these are: frictional unemployment, structural unemployment, seasonal unemployment, classical unemployment, and demand deficient unemployment. Frictional unemployment is unemployment for a short duration of time as workers move from one job to another. Over the last 20 years information has improved and people are more aware of the availability of better paid job, promotions etc and hence they may be moving form job to job more often hence increasing temporary frictional employment. Structural unemployment is caused by a lack of capital for goods and services in the economy or a particular sector. As the structure of an economy changes, certain workers may find themselves made redundant as their skills are no longer required, or that the region in which they live does not have enough employment opportunities. An example...
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