Buy custom How has the UK Labour Government kept Unemployment at a Minimum?
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| Topic: |
Business
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| Number of pages / Number of words: |
27 / 7420 |
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Many people are unemployed for a short time whilst involved in job search. This type of unemployment reflects job turnover within the labour market. Even when there are vacancies it takes people time to search for employment. During this period of time workers will remain frictionally unemployed.
Imperfect information in the labour market may cause frictional unemployment worse if jobless people are unaware of the available employment opportunities...
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During this period of time workers will remain frictionally unemployed.
Imperfect information in the labour market may cause frictional unemployment worse if jobless people are unaware of the available employment opportunities. Some of those who are unemployed may opt not to work because they believe that the tax and benefit system will reduce significantly the net increase in income from taking paid work...
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