Recent Trends For Young Labour Market

1342 WordsAug 26, 20146 Pages
Question 1 (i) The recent trends in unemployment for adults has seen a notable increase in male employment, with differences yearly differences from July 2011 to July 2014 increasing by intervals of 0.2, 0.6, and 0.7. Recent trends in unemployment for adults has also seen female unemployment remain stagnant in the years of July 2011 and July 2012, with subsequent increase in unemployment in the years of July 2013 and July 2014. Recent trends for young labour market participants has seen a significant increase for males from 16.7 to 22.9 and a notable increase in female unemployment from 15.2 to 17.9. (ii) Higher amount of young people being involved in full time and living at home - meaning there is less of a need to find employment. Older people more likely having the need to support a family and self-subsistence meaning that they must seek employment to fulfil these needs. (iii) It might be difficult to accurately measure youth unemployment due to many between the ages of 15-24 living in circumstances where employment is not a direct need or where employment must be balanced with study. (iv) Jericho highlights youth unemployment by examining the OECD unemployment rate from 2008-2014 to reveal that those aged 15-24 have wilfully abandoned employment, thus participating less. This is shows that the context of youth unemployment has seen greater change, and that youth unemployment is significantly affected by such widespread transformation – not minor concerns
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