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Unemployment. Its not just people who don’t have a job anymore. What causes unemployment? http://www.youtube.com/watch?v=pVVk_NiQRls. When do you think we see the highest unemployment rates?. Unemployment over Time. http://www.youtube.com/watch?v=hwWGzQ_FUtQ.
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Unemployment Its not just people who don’t have a job anymore What causes unemployment? http://www.youtube.com/watch?v=pVVk_NiQRls
Unemployment over Time • http://www.youtube.com/watch?v=hwWGzQ_FUtQ
What does it mean to be unemployed?? • 16-65 who are not working but are looking for a job.
Not working but not unemployed • Drop outs are people who have stopped looking for a job. Even if they could get a job they would not take it. • Retirees don’t count • Full-time Students don’t count • Committed individuals don’t count • Incarcerated individuals don’t count
Unemployment overview • http://www.youtube.com/watch?v=_CdTu1pk06w
Unemployment Game • http://www.youtube.com/watch?v=Ulu3SCAmeBA
Types of Unemployment • Frictional Unemployment: • Unemployment caused when people move from job to job and claim benefit in the meantime
Types of Unemployment • Seasonal Unemployment: • Unemployment caused because of the seasonal nature of employment – tourism, skiing, cricketers, beach lifeguards,
Types of Unemployment • Structural Unemployment: • Unemployment caused as a result of the decline of industries and the inability of former employees to move into jobs being created in new industries • technology • When the structure of the economy changes to make jobs obsolete.
Types of Unemployment • Technological Unemployment: • Unemployment caused when developments in technology replace human effort – tech. in manufacturing, administration
Types of Unemployment • Cyclical Unemployment is unemployment caused by the fluxuations in the business cycle. • Ex- Layoffs during an economic slowdown or recession