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Year 10 GCSE Economics

Year 10 GCSE Economics. Unemployment. Current news. http://www.bbc.co.uk/news/business-13067078. Main types of unemployment. Cyclical Frictional Structural Seasonal. Cyclical. Main types of unemployment.

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Year 10 GCSE Economics

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  1. Year 10 GCSE Economics Unemployment

  2. Current news http://www.bbc.co.uk/news/business-13067078

  3. Main types of unemployment • Cyclical • Frictional • Structural • Seasonal

  4. Cyclical

  5. Main types of unemployment • Frictional - When somebody loses their job (or chooses to leave it), they will have to look for another one • Structural - When workers have outdated skills no longer required by industry e.g. coal and steel industries. Change in demand for goods and services produced by particular sectors e.g. cars • Seasonal - where people are not able to find jobs during some months of the year e.g. ski instructors, farm workers, Santa!

  6. What type of unemployment are each of the following • A UK hotel worker laid off in the winter • Coal mine closing permanently and workers made redundant • George Clooney spends a month unemployed in-between films • Car worker laid off because orders for new cars decline • A ‘mum’ looking for a job after having 2 years off with her baby • Real Estate agents losing job due to downturn in Dubai

  7. Costs of Unemployment to the individual Costs of Unemployment to the individual Monetary Non Monetary Loss of Skills Health Family Breakdown

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