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Words: | Submitted: Sun Dec 15 2002
... different ways. The main official measure in the UK is the claimant count. This is the registered number of people between the ages of 18 and 60 receiving an unemployment-related benefits such as welfare. The unemployment rate is the number of people on the claimant count expressed as a percentage of the labour force. The labour force includes all those who are economically active. Unemployment is regarded as being a big problem to the economy. Not only is it a severe personal blow to those concerned, but it's also an economic waste. The unemployed will not be working, and therefore not adding anything to the economy. But the unemployed will also demand certain benefits from the government. The aim therefore is to keep unemployment as low as possible. There are different types of unemployment. Such as frictional unemployment, which is workers that are temporarily between jobs, to voluntary unemployed, who ...
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