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Unemployment - Coggle Diagram
Unemployment
Types of unemployment
Structural unemployment
Occurs when there is a mismatch between the skills of the workforce and the requirements of available jobs
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Real wage unemployment
When wages are too high, leading to job cuts or an unwillingness to hire
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Causes of unemployment
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Increased population
As the number of people looking for jobs increases, it becomes more difficult to arrange employment, so demand will be increasing at a rate faster than supply
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Measures of unemployment
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Claimant count
A measure of unemployment based on the number of people who are claiming unemployment-related benefits, such as Jobseeker's allowance
Contribution based JSA- If you have paid 2 years of National Insurnace contributions, you can be paid JSA whatever your income and savings, for 6 months
Income based JSA- Paid to those in low incomes and with low savings. If you haven't made sufficient contributions, you can still be eligible for this
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