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Labour Market in UK: Employment and Unemployment Rate Analysis

   

Added on  2023-06-16

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Labour Market
Labour Market in UK: Employment and Unemployment Rate Analysis_1

Introduction
A labour market is defined as the place
where all the workers and employees
directly interact with each other. It is
kind of market which refers to the
supply of and effective demand for the
labour.
Labour Market in UK: Employment and Unemployment Rate Analysis_2

Labour market in UK includes the supply of and
demand for the labour effectively, determining
the needs of the labour. The labour force
estimates 2021 helps in determining the
employment rate increased by 0.5% points to
approx. 75.3% as well as it is also analysed that
the unemployment rate is reduced by 0.4% to
4.5%. The number of start-up and small business
are growing in the UK market which helps in
enhancing the employment rate effectively,
leading to offer large number of opportunities as
well.
Labour Market in UK: Employment and Unemployment Rate Analysis_3

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