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Unemployment in the UK HOBSON Economics Applied Economics WORKSHOP Contents INTRODUCTION 2 HOW UK MEASURES UNEMPLOYMENT 3 UK'S PERFORMANCE IN THE LABOUR MARKET 5 UNEMPLOYMENT TRENDS 6 THE PROBABILITY OF AN UNEMPLOYED PERSON FINDING A JOB 8 UK UNEMPLOYMENT VS. EUROPE 9 CONCLUSION 11 BIBLIOGRAPHY 12 Introduction Recently there have been conflicting reports about the state of the UK's labour market. It seems the case that there is a major misunderstanding about the true state of the labour force. Some newspapers claim the number of unemployed is 5 million, while others claim that there is a record number of employed. As the labour force count for a significant proportion of both the governments spending and taxation, we need an accurate analysis of the UK's labour market and minimise these contrasting figures. This report will point out the problems in the ways Britain measures unemployment. Up to date data and graphs will be used to illustrate these problems. The different factors that affect unemployment in Britain will also be pointed out. How UK measures...

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