gcse economics - the big picture: unemployment - causes
• The reduction in demand for certain types of industries. These goods / services are no longer required in large numbers
e.g. 1980/ 90’s Deindustrialisation – coal mining, shipbuilding
2001 Airline industry
This is called STRUCTURAL unemployment
• People don’t have the right skills and qualifications for today’s work and the needs of businesses
e.g . Computer skills, communication, retailing STRUCTURAL
* Benefits are too high and too generous, therefore some people choose not to work.
e.g. an individual could collect £120 per week in different types
of benefits
CLASSICAL
• Jobs are lost in the country due to a recession. This is an unfortunate part of the trade cycle where businesses may have to close down.
This is called CYCLICAL unemployment
* People may be between jobs. For example, a teacher may be unemployed because they are looking for a job as an accountant
This is called FRICTIONAL unemployment
• People may be out of work because of the seasons
This is called SEASONAL unemployment
ACTION
Which type of unemployment are the following examples?
a. Oscar Hammerhead loses his job due to a recession
b. Stevie Silk can’t be bothered to work because he can get £130
a week in benefits
c. Jackie Wilson loses her job because nobody wants video
recorders any more
d. Sally Halfpenny resigns as a doctor to look for work as
a teacher
These GCSE Economics revision notes have been kindly provided by Peter Davies of Mill Hill School, Ripley Keep Up-todate with your GCSE Economics - Subscribe Free to Economics in the News by Email
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