Join TSR now and get all your revision questions answeredSign up now
    • Thread Starter
    Offline

    2
    ReputationRep:
    The Office for National Statistics recently announced that the unemployment rate was reduced to 7.8% from 7.9%. In your opinion, which type of unemployment is responsible for this reduction? Explain your answer.

    I know the main types of unemployment but i dont feel as though i have enough knowledge to answer the question.

    Please someone help!
    Offline

    0
    ReputationRep:
    It could be any type of unemployment..although, Cyclical seems the most obvious


    Posted from TSR Mobile
    Offline

    0
    ReputationRep:
    If it's talking about the unemployment for the christmas period it could also be seasonal unemployment.

    It could even be more people taking up part-time work due to themselves being unable to find full-time employment.
    Offline

    0
    ReputationRep:
    (Original post by MalteseMalteser)
    If it's talking about the unemployment for the christmas period it could also be seasonal unemployment.

    It could even be more people taking up part-time work due to themselves being unable to find full-time employment.
    Yeah, it could be anything, is there any case study?


    Posted from TSR Mobile
    Offline

    0
    ReputationRep:
    (Original post by LZS)
    It could be any type of unemployment..although, Cyclical seems the most obvious


    Posted from TSR Mobile
    hi there, why do you think that cyclical seems the most obvious one? i have a similar question as the guy who posted the question.
    Offline

    0
    ReputationRep:
    (Original post by kevintwc)
    hi there, why do you think that cyclical seems the most obvious one? i have a similar question as the guy who posted the question.
    It's hard to say due to the lack of information, but we could say that the unemployment rate was reduced due to an increase in something that affected AD (in a positive way) hence causing employment to increase. I doubt full employment would be at 7.x% for a country hence there's probably going to be some cyclical unemployment among other types.
 
 
 
Poll
If you won £30,000, which of these would you spend it on?

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Quick reply
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.