Premium Essay

Umemployment

In:

Submitted By areeba92
Words 1387
Pages 6
What is ‘unemployment’, and what are the main features of unemployment policy in the UK today?
Unemployment is a difficult concept to define as work itself can take many forms. For example work can be paid, unpaid, domestic or outside of the home. Even though with difficulties of defining a complex topic such as unemployment, Grint (1998, p36) defines unemployment as a situation of “being out of work” but “available for work”. This shows that even though people are willing and able to work they are unable to find paid work. Unemployment is a very concerning economic and social issue affecting the UK today and historically. According to the office national statistics, UK unemployment has increased from 7000 to 2.56 million. This particularly consists of youth unemployment, such as graduates and youths aged 17 plus who now rate at 21.2% of the unemployment rate, and women whose unemployment has also increased (BBC, 2013).
As Beveridge states the population of those unemployed were supported through the ‘cradle of the grave’ suggesting that the government was giving unending unemployment benefits regardless of whether the population were actively seeking work. Unemployment policy regarding the workfare gained foothold after WW2 with the emergence of the welfare state. Today this is still the main policy for supporting the unemployed population of Britain. Those out of work now need to show that they are actively seeking work and gaining work experience and skills to make them more employable in the future.
As mentioned above, unemployment is a social and economic issue. There are many factors as to why unemployment exists, and why it fluctuates in society. Mainly there are internal and external reasons for this. Internally factors such as education, illness and family can cause unemployment, but also, one can debate more importantly factors such as economic

Similar Documents

Premium Essay

General Electric

...have.I belongs background of business family,so I am very much fascinated with entrepreneurship.i have huge experience to deal with client and can be more calmer & serence towards them. My intention toward MBA is to enhanced the skill of thinking capacity & make more effective & efficient in a running business.furthermore earning an MBA can signify to an employer that can handle the pace of a demanding job,we have the drive,determination &time management skill to succeed.My aim is to increase GDP Of Nepal economy to inflows the per capita income.Its very embarrassing that more then 1500 youth are leaving the nation daily in the name of employment oppurtunities.I am very optimistic in a coming future I can reduce umemployment ratio creating a environment of employment oppurtunities in my own nation and my dedication of new enterprenuer.so I anticipated tremendous relation with my nova members,teacher& my nova colleague to expore my potential to carry out in real business...

Words: 329 - Pages: 2

Free Essay

Unemployement

... mentioned in the article was an employee who quit and had her boss claim she was fired. Another type of fraud is when employee’s work the minimum time required to work to get the unemployment benefits then purposely getting fired and then collecting unemployment until it runs out and then they do this process all over again. The article goes on to state that the government is doing what they can with trying to catch those who are committing this type of fraud but there is no way to catch every last cheater which can be the employee and the employer. This is exactly why there needs to be government invollvement like we discussed in class this week. The government sets the guidelines and rules for umemployment compensation - but it is up to employees and employers to be honest. As we mentioned in our discussion, President Obama, extended the umployment benefits which is viewed as very costly employers since it even raises their taxes and yet appreiated by employees. We also discussed how much government involvement would be best and from looking over the threaded disscussions from the class I think the majority of us agreed that some sort of balance was the key. The problem is how to find that balance. One law mentioned in this article is that and employee must be working for a particular company for six months before collecting any unemployment and I believe this impacts the this discussion on the...

Words: 400 - Pages: 2

Premium Essay

Media Affect

...more convenient to talk to person each other now who is in everywhere. You can send messages to people anytime you like and also can get and share information from any computer in the world. Also, the facilities of email can be used; we can contact our friends, parents and even supervisors. It can supply many messenger services. With some social networking site service, such as Facebook, Twitter and Myspace, it is easier to know people who are in the other side of place , if you can share your thoughts and love to explore their cultures, habits and ethnicity ( Pakhare, n.d.). Also, you can keep in touch with your old friends improve your friendships. The Internet also offers another service or opportunities for the people who are the umemployment or have a job but they wish to change the other...

Words: 951 - Pages: 4

Premium Essay

Geo215 Population Worksheet

...University of Phoenix Material Population Worksheet Complete the following table using the textbook and outside references. The UOP Library offers Culture Grams, Country Profiles, The CIA Factbook, and other sources that may help with this assignment. Respond to each question with a 350-525-word response. |Question |Response | |Look in recent news or in historical |The conflict in Syria is a big driver for migration. There is also the ongoing violence in | |context for one ethnic, racial, or |Iraq and Afghanistan, the poverty in Kosovo, and abuses in Eritrea that are also leading people| |religious population that was motivated to|to migrate and look to build their lives somewhere safer. In Syria, more than 250,000 Syrians | |migrate due to conflict. |have lost their lives in four and a half year of armed conflict. This begin with | | |anti-government protests which then escalated into a civil war. More than 11 million have been| | |forced from their homes as forces loyal to President Bashar al-Assad and those that oppose him,| | |battle each other. To add to all of this conflict, there are also the jihadist militants that | | |are also battling...

Words: 1388 - Pages: 6

Premium Essay

Crisis in Spending

...D December 1, 2012 International Crisis in Lending Lessons to be learned Group V Samantha Jeffrey Gabriella Stankovic Na-taisha Williams The debt crisis played a huge role in international lending. This report will discuss how economic crisis can result from many different factors such as changes in government policies which result in failure, and the cost of bank bailouts. Least developing countries also learned a lesson about how interest rates and low exports and imports played a major role in the financial crisis. These countries also tried to stabile their country's currency by fixing its exchange rate to that of the United States, which also resulted in failure. European countries also integrated their currency to Euro that caused a major crisis in lending. All are major factors that contributed to a crisis in international lending. Countries need to know what they are doing wrong before they can solve their problems. The historical events discuss will help serve as answer of how it can be resolved. Sovereign risk is the risk of lending money to the government with the risk of not being able to repay the obligation. There is always a risk in lending but the previous debt crisis and the crisis that is occurring in Europe plays a role in whether financial institutes want to lend to governments. The sovereign risk is important in international lending because many countries borrow money...

Words: 2761 - Pages: 12

Premium Essay

Forecast the Economic Condition

...6 Introduction The reported is divided into two main parts to address the matter of cyclical nature, indicator features and predictions. Additionally, aggregate variables need to be de-trend to obtain a reasonable conclusion, which theory has been applied in this report. Generally speaking, actual movements are consistent with the theory. Firstly, the relationship between variables and real GDP is reflected by correlations and cross correlations. Secondly, forecasts are made based on past figures and with the help of moving average method. 4 2 0 Apr-2004 May-2008 Sep-2003 Nov-2004 Aug-2006 Mar-2007 Dec-2008 Feb-2010 -2 -4 -6 -8 Sep-2010 Apr-2011 Jun-2005 Jan-2006 Oct-2007 Jul-2009 GDP growth rate inflation rate Analysis Task 1: Decide the cyclical natural of different variables, which can be decided by the correlation of individual variable and change rate of real GDP. While, indicator proporities are explained by cross correlations. • (Y,X) 0.008482 In May 2008, the inflation did not follow the correlation with GDP, the inflation appeared a peak but with a recession of GDP growth. The possible reason could be the government adjusted money supply to stimulate the economy, which led to decline of purchasing power of money. • Nominal exchange rate between Australia and the US ($US per $AUD). (Y,X-1) (y,x-2) (Y,X-3) (Y,X-4) (Y,X-5) -0.15423 -0.2092 -0.18983 -0.24673 -0.19466 (Y,X+1) (Y,X+2) (Y,X+3) (Y,X+4) (Y,X+5) -0.13739 -0.09766 0.767955 -0.12137 -0.13881 Inflation...

Words: 3201 - Pages: 13

Premium Essay

Staples

...I. BACKGROUND Staples Inc. founded in 1985 by Thomas G. Stemberg and Leo Kahn in Brighton, Massachussets. It is headquartered in Boston and employs 89,000 employees worldwide. Staples sells office supplies at more than 2,000 stores as well as through its catalog and call centers, the internet site, and contract sales force. In additional to typical office supplies, stores offer computer hardware and software, furniture, art and school supplies and printing and copy services ( Staples 10k, 2012). The company has 3 operating division: North American Delivery, North America Retail and International. The retail stores in Australia, Brazil, China, Denmark, France, Germany, India, Norway, Portugal, United Kingdom and the United States are operate under its original name “Staples”. Argentina operates as Officenet-Staples, Belgium and Netherlands as Office Center, Canada as Staples Canada and in Italy as Mondoffice. The company recorded revenues of $25.1 billion during 2012, an increase of 1.9% compared with 2011. 39% of revenues generated from North American Retail, 40% from North American Delivery and 21% from International operation. (managementparadise.com, Staples 10K, 2012). II. STRATEGIC DIRECTION A. Mission “Our mission is to bring easy to offices worldwide” (Staples Soul, 2012). B. GOALS/OBJECTIVES • Maintain our leadership position by delivering on our brand promise • Focus on customer service, customer acquisition and retention, and providing our customers a broad assortment...

Words: 4733 - Pages: 19

Premium Essay

Applied Fund Management

...Question 1 For 4 Dow Jones stocks for a 15 year period, compute quarterly realized betas from daily data. Find firm specific and macroeconomic variables that help explain quarterly beta. Answer 1.1 Factors Introduction Factor model survey the sensitivity of a stock return as a function of one or more factors. There are single-factor and multi-factor models. In factors model, based on the type of factors used, it can be classified to economic and fundamental factor models. Economic factor models use macroeconomic and financial markets variables as factors, while fundamental factor models use firm-specific microeconomic variables, such as financial indicators. In recent research shows that the change in macroeconomic factors could be reflected in the change of systematic risk which impacts a stock’s expected return (Humpe & Macmillan 2007). Macroeconomic factors included industry production index, CPI, GDP, unemployment rate, inflation rate, risk premium, default premium, business cycle index and so on. From Chen (1986) notable study which uses variables include industrial production, inflation, risk premium, term structure, market index, consumption and oil prices to found out that industrial production, unanticipated change in the risk premium, unanticipated inflation, and, a slightly weaker, the unanticipated change in term structure, are the most important factors affecting expected stock returns. The 15 macroeconomic variables used as factors in our model are...

Words: 7464 - Pages: 30