Coursework.Info - Inspiration in an Instant

On the left is an image preview of every page of this document, and below are the first 150 words with formatting removed:

Unemployment Officially the unemployed are the people who are registered with the government as willing to work and able to work at a going wage rate but can't find suitable employment despite an active search for work. Structural Unemployment This type of unemployment exists even when there are job vaccines, due to the mismatch between skills of the registered unemployed and those required by the employers. People made redundant in one sector of the economy cannot immediately take up jobs in other sectors. Seasonal Unemployment * Regular seasonal changes in employment/labour demand. * Affects certain industries more than others e.g. catering and leisure, construction, retailing, tourism, agriculture. * Seasonal unemployment is not a major cause or concern. Frictional Unemployment * Frictional unemployment is transitional unemployment due to people moving between jobs: Includes people experiencing short spells of unemployment. * Includes new and returning entrants to the labour market * Imperfect information about available job opportunities can lengthen the period of someone's...

To see the full version of this document, and 145,348 others