Measures of unemployment and causes
Labour Force Survey - Shows exactly who is working and their proffession.
Job Seekers Allowance - Measures the amount of people whom are claiming benefits for their unemployment.
Causes of Unemployment
- Lack of skills
- Redundancy / businesss failure
- Excess labour supply
- Lack of motivation and reliant on the welfare state.
Types Of Unemployment
Cyclical Unemployment - The fluctuating rate of unemployment resulting from swings in the business cycle
Frictional Unemployment - The time period when a worker is searching for or transitioning to a new job.
Voluntary Unemployment - When an individual makes a conscious decision to not work.
Structural Unemployment - When there is unemployment due to workers not having the right skill set for the jobs that the economy can offer.
Seasonal Unemployment - Workers are not employed all year round due to their industry being specific to a season.
Immobility of Labour
Geographic Immobility of Labour -
Workers refuse to travel for work. They do not want to move house and they do not want to disrupt their family.
Occupational Immobility of Labour -
Labour does not have the skills and training to switch jobs easily which means that
- other workers must work harder
- firms must invest in training
- workers confidence is knocked.