ILO:
a) Measures of unemployment:
o the claimant count
o the International Labour Organisation (ILO) and the UK Labour Force Survey
b) The distinction between unemployment and underemployment
c) The significance of changes in the rates of:
o employment
o unemployment
o inactivity
d) The causes of unemployment:
o structural unemployment
o frictional unemployment
o seasonal unemployment
o demand deficiency and cyclical unemployment
o real wage inflexibility
e) The significance of migration and skills for employment and unemployment
f) The effects of unemployment on consumers, firms, workers, the government and society
a) Measures of unemployment:
o the claimant count
o the International Labour Organisation (ILO) and the UK Labour Force Survey
b) The distinction between unemployment and underemployment
c) The significance of changes in the rates of:
o employment
o unemployment
o inactivity
d) The causes of unemployment:
o structural unemployment
o frictional unemployment
o seasonal unemployment
o demand deficiency and cyclical unemployment
o real wage inflexibility
e) The significance of migration and skills for employment and unemployment
f) The effects of unemployment on consumers, firms, workers, the government and society
Measures of unemployment
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What is meant by unemployment?
UK unemployment soars to highest level for almost two years
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How can you measure unemployment?
Unemployment (2021 Revision Update) Measuring Unemployment
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Underemployment
1. What are the two different forms of under-employment and why is it an important concept to understand when measuring and interpreting unemployment data?
2. Why has covid increased the risk of this and what could be the consequences of underemployment?
2. Why has covid increased the risk of this and what could be the consequences of underemployment?
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How to fix the gig economy - BBC Newsnight
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Coronavirus: Graduates struggling for job leads amid COVID-19 lockdown uncertainty
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Key Terms
Employment and unemployment are not the opposite sides of the same issue – in fact the number of people in work in the UK is often increasing at the same time that unemployment rises. This might be caused by increased immigration, for example, so there are more people in the labour market, some of whom get jobs and some who do not or replace others already working.
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Rate of employment:
Employed / Working age population Rate of Unemployment: Unemployed / Unemployed + Employed Economic inactivity rate: Economically inactive people / Working age population (working age pop = 16 - 64) |
Active:
Employed + Unemployed Inactive: Aged 16 - 64, not seeking employment (not W&A) i.e. full-time students, homemakers, sick or disabled to work long term, early retirement and 'discouraged' workers. |
The significance of changes in the rates of
employment,
unemployment
& inactivity
Assess the impact of high employment for the Chinese economy? (10 marks)
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China's engine of economic growth | FT World
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China wage growth is soaring | World
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Assess the impact of unemployment for the Geek economy during the financial crisis? (10 marks)
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Greece's unemployment expected to stay over 25%
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Youth unemployment in Greece | Made in Germany
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Explain why certain demographics and locations risk greater levels of economic inactivity within the UK.
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Poorest areas in England suffering high rises in unemployment - BBC News
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UK’s youth unemployment is highest in 40 years
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Revision webinars:
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Economic Inactivity - Practice Exam Answer
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Economic and Social Costs of Unemployment
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Causes of unemployment 5 mark questions:
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Explain the impact of structural U?
British steel crisis: communities react
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Explain the impact of cyclical U?
US unemployment rivals Great Depression with 36m jobless
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Explain the risk of the living wage?
The UK's new living wage explained | FT World
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Additional viewing:
BBC video - The 1980s 'super recession': When unemployment topped 3m - and kept rising
BBC video - The 1980s 'super recession': When unemployment topped 3m - and kept rising
Significance of skills for employment and unemployment
Assess the effects skills have on the rates of employment and unemployment?
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Extract A:
Nine million adults in the UK are functionally illiterate, and one in four British five-year-olds struggles with basic vocabulary. Three-quarters of white working-class boys fail to achieve the government’s benchmark at the age of 16. https://www.theguardian.com/education/2019/mar/03/literacy-white-working-class-boys-h-is-for-harry
Extract B:
Kellingley Colliery: Britain's last coal mine closes
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Extract C:
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Significance of migration for employment and unemployment
Assess the effects of net inward migration on an economy’s employment and unemployment rates?
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How migration could make the world richer | The Economist
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UK Immigration: No visas for low-skilled workers, government says - BBC News
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The effects of unemployment on consumers, firms, workers, the government and society
Assess the effects of high unemployment in Spain on:
> Workers > Consumers > Firms > Govt > Society
> Workers > Consumers > Firms > Govt > Society
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Spain's struggle with high unemployment
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Economic Crisis Hits Spain's Youth
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Activity:
Research and assess the consequences of youth unemployment in the UK. (10 marks)
Suggested articles:
Research and assess the consequences of youth unemployment in the UK. (10 marks)
Suggested articles:
- Full economic recovery 'will not solve youth unemployment'
- Youth unemployment rate is worst for 20 years , compared with overall figure
| ons_neet.pdf |