Economics Assignment | Unemployment in United Kingdom

Added on - 28 May 2020

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Running head: UNEMPLOYMENT IN UNITED KINGDOMUNEMPLOYMENT IN UNITED KINGDOMName of the StudentName of the universityAuthor’s note
1UNEMPLOYMENT IN UNITED KINGDOMTable of ContentsIntroduction......................................................................................................................................2Types of unemployment faced by UK/ barriers to employment.................................................2History of unemployment in UK.................................................................................................5Comparison with other countries.................................................................................................5Migration and multiculturalism...................................................................................................5Initiatives taken by the government against unemployment.......................................................6Conclusion.......................................................................................................................................6References........................................................................................................................................8
2UNEMPLOYMENT IN UNITED KINGDOMUnemployment in UKIntroductionUnemployment has been defined by the Bureau of Statistics as the people who do nothave job, or who have looked for work in the past four weeks and are currently open for work.The unemployment is mainly due to the recession. Since 2007, the economic growth has fallenleading to a rise in the demand deficient unemployment (Bell and Blanchflower 2013). Thisreport will discuss about the history of unemployment in UK, the possible reasons, types ofunemployment and its comparison to other countries. The report will also focus on thegovernment initiatives taken to address the issues.Types of unemployment faced by UK/ barriers to employmentCertain types of unemployment patterns have been found in UK. These arefrictionalunemployment,which is mainly caused due to the switching of the people between the jobs. Inthe modern economies of UK there are hundreds of job vacancies; hence frictionalunemployment cannot be avoided (Bell and Blanchflower 2013).Structural unemploymentis quite common in UK when there is a long term decline in ademand industry leading to less job demands for labour (Gregg 2015). For example jobs onproduction line can be replaced by robots like online retailing or motor manufacturing. Joboutsourcing has become wide spread in UK which is another prime cause of unemploymentamong the youths (Harvey and Chung 2000). In many cases company's shifts theirmanufacturing units and call centres to another country, as the labour costs in other countries arelow. Unemployment can also be caused by foreign competitions. Globalization can lead tochanges in the pattern of trade between nations. Unemployment can be faced when there is a
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