Unemployment occurs when a person who is willing and able to work is unable to find a jobUnemployment is measured using the claimant count(those on JSA) and the labour force survey..
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Casual Unemployment
occurs when the worker is employed by the firm at irregular periods.
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Cyclical Unemployment
occurs when the costs of production for a firm become to great, due falling demand. So the firm reduces these costs by making some of its employees redundant
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Frictional Unemployment
Frictional Unemployment occurs when there is a lag in time period between when employees are transitioning between different occupations, jobs and even locations.
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Search Unemployment
occurs when a person who is actively searching for employment is unable to find work
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Regional Unemployment
Regional Unemployment occurs when a specific region in a country geographically has a relatively higher unemployment rate than the rest of the country’s average unemployment rate
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Seasonal Unemployment
Seasonal unemployment occurs when the worker is unemployed at certain seasons in the year as their occupation is only needed during these times in the year
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Structural Unemployment
Structural Unemployment occurs when there is a change in demand for a product in a specific industry. As a result of this the labour is made redundant and cannot find new employment due to their level of skill
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Technological Unemployment
Technological Unemployment occurs when a labour force is made unemployed as a result technological change and replaced by capital
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Causes of Unemployment
1. Inflation 2. Technological changes 3. Firms relocating 4. Mismanagement of resources 5. Rapid increase in population 6. Political Instability 7. Lack of skilled labour.
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Solutions to Unemployment
1. Investment in Labour 2. Subsidies 3 Foreign Direct Investment 4. Reducing Direct Tax 5. Reducing unemployment benefits 6.Education & Training
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Other cards in this set
Card 2
Front
occurs when the worker is employed by the firm at irregular periods.
Back
Casual Unemployment
Card 3
Front
occurs when the costs of production for a firm become to great, due falling demand. So the firm reduces these costs by making some of its employees redundant
Back
Card 4
Front
Frictional Unemployment occurs when there is a lag in time period between when employees are transitioning between different occupations, jobs and even locations.
Back
Card 5
Front
occurs when a person who is actively searching for employment is unable to find work
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