Unemployment in the UK Essay Example | Topics and Well Written Essays - 1500 words - 3

Unemployment in the UK - Essay ExampleIn this regard, the objectives of this essay are four-fold, to wit (1) to present a clear definition of unemployment (2) to state and determine how it is calculated (3) to identify the different types seasonal, frictional, cyclical, structural, among others (4) to state and clearly explain the nature of economic, social costs of unemployment and cost to the individual and (5) to determine the ways to solve unemployment.(c)seeking ply, i.e. had taken specific steps in a specified reference period to seek paid employment or self-employment. The specific steps may include registration at a public or private employment exchange application to employers checking at worksites, farms, factory gates, market or other assembly places placing or answering newspaper advertisements seeking assistance of friends or relatives looking for land, building, machinery or equipment to establish own enterprise arranging for financial resources applying for permits and licences, and so on (ILO, 2009).As indicated, the basic criteria for being classified as unemployed are people without work, currently available for work, and seeking work in the last 4 weeks and are available to start work in the next 2 weeks or out of work, have found a job and are hold to start it in the next 2 weeks (ONS, 2009, 4).Unemployment is measured by the ONS through survey, the Labour Force Survey (LFS). According to ONS (2009), their office conducts the LFS every three months employ 53,000 households as samples. The survey focuses on questions inquiring about personal circumstances and activities in the labour market. Then, the unemployment rate is computed first on a residence reason by determining the proportion of economically active who are unemployed (ILO, 2009, 7).The frictional unemployment has been defined as the amount of