unemployment economics

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  • Created by: ishah
  • Created on: 08-05-13 15:29
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  • Unemployment
    • 2 common measures
      • claimant count - JSA
      • ILO definition of unemployed
    • excl claimant count
      • part-time work
      • youngers refused YT
      • students vacation work
      • left voluntarily
    • flows into
      • redundant
      • sacked
      • temp laid off
      • resign
      • school leavers
      • return after babies
    • outflows
      • new jobs
      • return temp job
      • give up
      • retire
      • pregs
      • die
      • emigrate
    • structural
      • replaced by machines
      • occupational immobility
    • cyclical
      • lack AD G&S
      • demand defficient
      • economic cycle
    • costs
      • social
        • income inequality, poverty, crime, s&e deprivation
      • economic
        • deadweight, loss in human-capital investment

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