The Number Of People Unemployed

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The number of people unemployed is defined by economists as “those of working age who are without work, but who are available for work at current wage rates.” If the number of people who are unemployed is worked out but needs to be displayed as a percentage, then it is a percentage of the total labour force. According to Sloman, the labour force is defined as: “those in employment (including the self-employment, those in the armed forces and those on government training schemes) plus those unemployed.” According to the Labour Force Survey the rate of unemployment is estimated to be 5.9% for the period of July-September 2015 which is the most recent figure to date. This rate of unemployed fell by 0.6% from the previous quarter. There are a number of different types of unemployment which is due to a number of causes. One type of unemployment is structural unemployment. This is a result of a mismatch of skills they have and what the new skills are needed to move into a new job. This type of unemployment happens when there is a long-term decline in demand within a particular industry which leads to demand for jobs to decrease as there is fewer jobs. An example would be the ship building and textile industries in Belfast. Those who are economically active are no longer trained how to build ships as there has been a long term decline within this industry. Since there was a long term decline in ship building, those who were employed in this industry may have little use with their
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