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
the economy and thus they are not able to sustain their needs and their family needs.
unemployment forces people to engage in criminal activities as they do not have any other
sources to remove their frustrations. (Soni and 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 to Parker (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 unemployment can be classified as voluntary and 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.
There are different types of unemployment which can be classified as Frictional
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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