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Unemployment

Unemployment. Unemployment. Youth Unemployment July 2012. Unemployment. By the end of today’s lesson you will understand that there are different types of unemployment. You’ll also look at the different costs of unemployment, not only economic but also social. Unemployment.

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Unemployment

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  1. Unemployment

  2. Unemployment • Youth Unemployment July 2012

  3. Unemployment • By the end of today’s lesson you will understand that there are different types of unemployment • You’ll also look at the different costs of unemployment, not only economic but also social

  4. Unemployment • Write down 3 reasons why you think people lose their jobs • Write down 2 possible consequences of high unemployment (for individuals or communities)

  5. Frictional Unemployment • Short term unemployment • Not considered serious • Workers moving between jobs • Time spent out of work will vary

  6. Seasonal Unemployment • Will affect industries such as construction and tourism • Tends to rise in the winter • Unavoidable in a market economy with a variable labour demand

  7. Cyclical Unemployment • Occurs when the economy is experiencing a downturn • Because there is not enough demand in the economy for all potential workers to gain employment

  8. Structural Unemploment • When demand for labour is less than its supply • Can be sub-divided into regional, sectoral and technological unemployment.

  9. Activities • Read through page 194 to note down different types of structural unemployment. • In pairs, discuss, agree and write down answers to question 2 (p 194).

  10. The costs of unemployment • The unemployed … and their dependents … will lose income • Against this, there may be benefits, both financial and in increased leisure time • Should age be a barrier to employment?

  11. One academic study published in 2001 found that • “Redundancy ranks behind only bereavement and divorce as a life- disrupting event. Even once the immediate trauma is past, the damage persists.”

  12. Activity • Unemployment has costs not only for individuals and their families, but also for local communities, taxpayers and indeed the whole economy. • Working in pairs, use the information on pages 195 and 196 to consider this hypothesis – “The social costs of unemployment are far more serious than the economic costs.” • Report your conclusions back to the rest of the class

  13. Homework • Read through information on pages 199 and 200 • Answer questions 1 and 2 on page 200

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