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Review the recent history of unemployment in the UK and in continental Europe and discuss possible explanations for the difference.
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Review the recent history of unemployment in the UK and in continental Europe and discuss possible explanations for the difference The rise in unemployment seen in most industrialised countries has been one of the most remarkable features in recent economic history. In the UK and in continental Europe, one of the biggest priorities has been to reduce unemployment figures yet the problem of rising unemployment has risen past any previous expectations. While looking at causes of rising unemployment in recent history I will also attempt to give explanations for the differences between UK and European unemployment figures. A look at the recent changes in UK unemployment goes as follows. After having very low rates until the 1960's the rate rose rapidly, hitting a peak in the recession of the early 1980's. Since then it has fluctuated around a relatively high level. Evidence has shown continually falling long run average rates in the...
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