A UK region made eligible for special government assistance under European Commission state aid rules to encourage investment due to persistently above-average unemployment.
The Augmented Phillips Curve integrates expectations into the traditional Phillips Curve, explaining the dynamic relationship between inflation and unemployment.
A detailed exploration of the Beveridge Curve, showcasing the relationship between unemployment and job vacancies, its historical context, key events, mathematical models, and much more.
Classical Unemployment refers to the situation where wages being too high relative to productivity result in firms being unable to employ all available labour profitably. This can be mitigated by policies aimed at wage reduction or productivity improvements.
A detailed examination of cyclical unemployment, its causes, effects, and implications within the context of the business cycle.
An in-depth exploration of demand-deficiency unemployment, also known as Keynesian unemployment, its historical context, key events, models, and its implications in economics.
Unemployment resulting from changes in the composition of the labor force. Understanding demographic unemployment is essential for analyzing labor market dynamics and developing effective policies.
A detailed examination of regions with persistently high unemployment and low incomes, and the efforts made to rejuvenate these areas.
A comprehensive guide to understanding economic depressions, their historical context, key events, and effects on society.
An extensive examination of the concept of a discouraged worker, encompassing historical context, key definitions, and implications for the labor market.
Discouraged workers are individuals who are not actively seeking employment because they believe there are no available jobs suited to their skills or due to past unsuccessful job searches.
Explore the concept of disguised unemployment, where workers are not fully utilizing their skills, and understand its implications on the economy and labor market.
Dovish policy makers prioritize economic growth and reducing unemployment over controlling inflation. Learn more about dovish monetary policy, key indicators, and historical impacts.
An in-depth look at Economic Indicators, their importance, types, key events, examples, and relevance in various fields.
Employment Insurance encompasses various forms of financial support provided to unemployed individuals. This article covers its history, types, key events, detailed explanations, mathematical models, and its importance and applicability.
An in-depth look at the Expectations-Augmented Phillips Curve, which links wage increases to demand pressure while accounting for expected inflation, revealing complex dynamics between unemployment and inflation.
An in-depth analysis of flexible wages, how they adjust in response to economic changes to balance supply and demand for labor, and their implications in economic theories.
Frictional Unemployment refers to the temporary period of unemployment experienced by individuals transitioning between jobs in a dynamic economy.
An exploration of full employment, where the labor market achieves a state where all individuals willing and able to work at prevailing wage rates can find employment.
An exploration of the hard-core unemployed, including definitions, historical context, causes, impacts, and potential solutions.
A comprehensive guide to understanding hidden unemployment, its impact on the economy, and why it often goes unrecorded in official statistics.
Hysteresis is a concept in various disciplines referring to systems where the effects persist even after their initial causes have been removed. This term is widely used in economics to describe situations like unemployment.
The inflationary gap represents the excess of actual economic activity over the level at the non-accelerating inflation rate of unemployment, leading to demand inflation.
A comprehensive exploration of the distinction between insiders (those currently employed) and outsiders (those who are not), and its role in explaining unemployment persistence in many economies.
A comprehensive article about Internal Balance, explaining its importance, types, historical context, models, and how it contrasts with External Balance.
A comprehensive examination of involuntary unemployment, exploring its causes, types, key events, implications, models, and solutions.
An in-depth exploration of job displacement, examining its definition, causes, effects, and contextual factors such as economic downturns and technological changes.
Detailed Explanation of Jobless Claims, Their Significance in the Economy, and How They Are Measured.
Jobseeker's Allowance (JSA) is a financial support system in the UK for unemployed individuals actively seeking work, introduced in 1996.
Comprehensive coverage of Keynesian Unemployment, its historical context, key elements, mathematical models, and practical implications.
A comprehensive analysis of the labour force, its historical context, components, key events, mathematical models, importance, applicability, and related terms.
A curve depicting the long-run relation between inflation and unemployment, showing the interplay of expectations and economic performance over the long-term.
Long-term unemployment refers to being jobless for over one year, posing significant challenges due to decreasing reemployment prospects and highlighting the necessity for retraining and relocation.
A comprehensive study of macro-economic variables such as inflation, GDP, and unemployment rates to understand and analyze the economy at a national or global level.
Individuals who are not actively seeking work but indicate that they want and are available for a job and have looked for work sometime in the past 12 months.
An index that measures overall economic performance by adding the unemployment rate and inflation rate, reflecting economic and social costs. Introduced by Arthur Okun in the 1960s and later expanded by Robert Barro.
Exploring the concept of mismatch between skills and job vacancies, which explains simultaneous unemployment and unsatisfied labor demand.
The unemployment rate at which inflation does not accelerate.
An in-depth exploration of the natural growth rate, its historical context, mathematical models, and implications on unemployment and national income.
Understanding the Natural Rate of Unemployment within Keynesian Economics, including its historical context, types, key events, formulas, importance, applicability, examples, and much more.
The Non-Accelerating Inflation Rate of Unemployment (NAIRU) refers to the specific level of unemployment that stabilizes inflation. It is crucial in economic policy-making, influencing decisions on interest rates and fiscal policies.
An in-depth exploration of Okun's Law, which describes the relationship between unemployment and economic output, detailing its historical context, formulas, significance, applications, and more.
The participation rate measures the percentage of a given age group that is economically active, encompassing employees, the self-employed, and unemployed individuals. It varies by age and other factors.
The Phillips Curve describes the inverse relationship between inflation and unemployment. This economic model initially depicted the rate of increase in nominal wages against unemployment and has evolved to incorporate inflationary expectations. It helps economists understand the short-term trade-offs between inflation and unemployment and the long-term implications where the expected inflation rate equals the actual rate.
A comprehensive guide on recession, its historical context, types, key events, importance, applicability, examples, and more.
A detailed exploration of the concept of registered unemployed, its differences from labor force survey-based unemployment, historical context, importance, and related considerations.
The reservation wage is the minimum wage that a worker engaged in a job search is willing to accept. A worker will not accept an offer if the wage is below their reservation wage. It is determined by various factors including current wage, unemployment benefits, and future wage expectations.
Understanding residual unemployment, which encompasses individuals unwilling or unable to work even when the economy is at full employment.
An in-depth look at the Sacrifice Ratio in Keynesian economics, analyzing the relationship between unemployment and inflation reduction, historical context, models, and significance.
Search unemployment occurs while an unemployed worker searches the job market for an acceptable job offer, influenced by reservation wages and minimum job specifications.
An in-depth exploration of seasonal unemployment, its causes, implications, and significance in different sectors.
An in-depth look at the concept of seasonality in economics and finance, exploring its historical context, types, key events, models, applicability, and more.
Understanding the short-run Phillips curve, its historical context, implications in economic theory, and real-world applications.
An in-depth exploration of Social Insurance, covering its definition, historical context, types, applicability, comparisons with private insurance, and frequently asked questions.
An in-depth look at stabilization policies used to reduce economic fluctuations, including their types, key events, and applicability in macroeconomics and microeconomics.
Stagflation is an economic condition marked by persistently high inflation coupled with high unemployment, posing a unique challenge to policymakers.
The State Unemployment Tax Act (SUTA) is a state-level counterpart to the Federal Unemployment Tax Act (FUTA), providing a similar framework but managed by each state independently.
A State Workforce Agency (SWA) is a government body dedicated to addressing employment and labor issues within a state. These agencies manage workforce development, labor market information, unemployment insurance, and more.
Structural Unemployment occurs when changes in the economy create a mismatch between the skills workers have and the skills needed for available jobs.
Understanding technological unemployment, its causes, implications, and effects on the labor market due to advancements in technology and changes in methods of production.
A comprehensive examination of transitional unemployment, its causes, and its impacts during significant economic changes.
A comprehensive look at the U--V Curve, its historical context, relevance in labor economics, key components, and implications on employment and unemployment trends.
An in-depth exploration of what it means to be unemployable, including causes, types, historical context, key events, and ways to overcome this status.
A comprehensive examination of the concept of unemployment, including historical context, types, key events, explanations, and applications.
A thorough exploration of unemployment, its types, causes, effects, and measurement methods, including historical context and key events, with practical examples and considerations.
Comprehensive coverage of Unemployment Benefits, including historical context, types, key events, detailed explanations, importance, examples, considerations, related terms, comparisons, interesting facts, inspirational stories, famous quotes, proverbs and clichés, expressions, jargon, slang, FAQs, references, and a final summary.
Unemployment benefits are financial support provided by the government to eligible individuals who are unemployed and actively seeking work.
An in-depth examination of the differences and similarities between unemployment income and welfare, including their definitions, eligibility conditions, and societal impact.
Unemployment Insurance (UI) is a government program that provides temporary financial assistance to unemployed workers who are actively seeking employment.
The Unemployment Rate represents the percentage of the labor force that is unemployed and actively seeking employment. It is a vital metric for understanding economic conditions.
A comprehensive look at job vacancies, their types, measurement challenges, economic impact, and more.
Voluntary unemployment refers to the deliberate choice by an individual to remain unemployed. This can be due to various personal reasons, including not wanting to work temporarily or seeking better job opportunities.
The Work Programme is a DWP scheme offering support to help long-term unemployed people find work. Explore its historical context, key events, importance, and applicability.
An in-depth look at the Current Employment Statistics (CES), providing monthly data on national employment, unemployment, wages, and earnings across all non-agriculture industries. These statistics serve as key indicators of economic trends.
A comprehensive guide to cyclical unemployment, its causes, examples, historical context, and its impact on the economy.
A detailed explanation of Depression as an economic condition characterized by a significant decline in business activity, falling prices, and rising unemployment.
A comprehensive analysis of disguised unemployment, its types, implications, and measures.
Understanding Frictional Unemployment, its causes, examples, and impact. An in-depth analysis of this necessary and unavoidable type of unemployment that arises from people changing jobs, moving, and rearranging their economic activity.
A comprehensive discussion of frictional unemployment, its causes, implications, duration, and examples, along with historical context and related terms.
The Federal Unemployment Tax Act (FUTA) imposes a federal employer tax used to help fund state workforce agencies and unemployment benefits.
The Great Depression was a severe global economic downturn that began in 1929 and lasted until World War II. Characterized by a massive decline in economic activity and high unemployment rates, it had profound social and political impacts worldwide.
Comprehensive guide on hard-core unemployed individuals, their challenges, socio-economic impacts, and potential solutions.
An in-depth look at the concept of Labor Force, its significance, historical context, and statistics provided by the U.S. Bureau of Labor Statistics.
An in-depth explanation of the Natural Rate of Unemployment, how it relates to the Phillips Curve, and its implications for labor market equilibrium and inflation.
An overview of Okun's Law, an empirical relationship developed by economist Arthur Okun that describes the relationship between unemployment rates and the gross domestic product (GDP).
The Phillips Curve describes the inverse relationship between unemployment and inflation, where an increase in inflation often leads to a decrease in unemployment, and vice versa.
A comprehensive analysis of prosperity, characterized by economic growth, low unemployment, and a general sense of well-being among the population.
Exploring the concept of 'Reserve Army of the Unemployed' in Marxist theory, which refers to the proletariat population whose unemployment helps maintain minimal wage levels.
Detailed Overview of Seasonal Unemployment, Including Effects, Examples, and Government Adjustments
Seasonal Unemployment refers to the joblessness that occurs in certain industries during off-peak seasons. It typically affects sectors such as tourism, agriculture, and retail, where employment needs fluctuate with the seasons.
Stagflation, a term coined by economists in the 1970s, describes the unprecedented combination of slow economic growth, high unemployment, and rising prices.
An in-depth analysis of structural unemployment, its causes, effects, and distinctions from other types of unemployment.
Unemployment caused by advances in technology, altering job requirements and making certain skills obsolete.
Understanding the term 'unemployable,' which refers to individuals who are not employable due to a lack of skills, education, and experience, and tend to be chronically unemployed.
An in-depth look into the unemployed labor force, including definitions, types, historical context, examples, and implications.
Unemployment refers to the condition of being without paid work while being willing and able to work, and actively seeking employment. It also denotes the proportion of the labor force that is without paid work.
Comprehensive overview of cyclical unemployment, including its definition, causes, types, and real-world examples. Understand how economic recessions and expansions impact unemployment rates over the business cycle.
A comprehensive overview of discouraged workers, including their definition, causes behind their status, and a comparison with unemployed individuals. Understand the factors that lead to discouragement in the job market and the implications for labor statistics.
Comprehensive exploration of disguised unemployment, its definition, types, implications, historical context, and practical examples.
A comprehensive guide to understanding economic depression, its causes, effects, and historical examples.
