Critical Analysis of Unemployment in Economy | Project Report
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Added on 2020-02-05
Critical Analysis of Unemployment in Economy | Project Report
Added on 2020-02-05
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CRITICAL ANALYSIS
Table of Contents INTRODUCTION...........................................................................................................................1 TASK...............................................................................................................................................1 CONCLUSION................................................................................................................................5 REFRENCES...................................................................................................................................6
INTRODUCTION This project report contains critical analysis about different aspects like unemployment in economy which leads to less resources in economy. Large number of people are unemployed in theeconomyand thustheyare not abletosustaintheirneedsand theirfamilyneeds. unemployment forces people to engage in criminal activities as they do not have any other sources to remove their frustrations. (Soniand Kodali (2011).The project report contains the study about the examples like climate changes and their impact on the economy,impact of family breakdown on children the negative and positive effects and lastly deviance of young people residing in the organisations. Separation of children from their families and deviance of young people. TASK Unemployment According toParker (2014) it is examined that unemployment occurs when a person is searching for job but the person is unable to find the job. It is linked with the health of economy. The measures includes unemployment rates which can be calculated with the help of number of unemployed people divided by the total number of people in labour force. Unemployment is the phenomenon that happens when a person is actively search the employment and is unable to find the work. The unemployment means that the person without any work whether educated and uneducated and looking for earning the livelihood. In the unemployment rate of the UK measured by the Labour Force Survey. The unemployed people are the those people who are without a job and who are actively seeking the job. In the UK, from the last three months the unemployment rate is fell to 4.6 percent from the 4.7 percent in the previous period. The unemployment is the main problem of the economy. The unemploymentcan be classifiedas voluntaryand involuntary unemployment. Voluntary unemployment means that the person has left the job with his own will in search of other employment and involuntary unemployment means that the person has been fired from the job. TherearedifferenttypesofunemploymentwhichcanbeclassifiedasFrictional unemployment,Cyclic and Structural unemployment. Frictional unemployment occurs when a person takes time to find new job so the gap that arises is known as frictional unemployment. Cyclic unemployment occurs due to business cycles and structural unemployment occurs due to 1
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