Buy custom Unemployment in Macroeconomics
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| Topic: |
Business
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| Number of pages / Number of words: |
7 / 1807 |
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This can also be caused by people being unaware of the jobs available to them. Many people frictionally unemployed are unemployed temporarily while searching for a job.
? Structural unemployment ? This form of unemployment arises when people lose their jobs due to capital-labour substitution when the demand for labour in a particular industry is decreased...
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These industries tend to be located in particular regions relying on a specific trade or workmanship, when their trade becomes no longer useful a regional decline could potentially occur, leading to a decrease in the strength of the economy in the region. E.g. the percentage change of manufacturing in the UK over 15 years is -53...
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