The rise and rise of unemployment
The financial crisis and economic downturn have started to impact on unemployment which, in the UK, has risen at the fastest rate for 17 years. A study by the International Labour Organisation (ILO) has said that the downturn may add 20 million to the global unemployment total bringing the figure to around 210 million.
Unemployment rises at fastest rate in 17 years Times Online (15/10/08)
Smoke clears to reveal the monster of rising unemployment Guardian (19/10/08)
Unemployment total may be more than 2 million by Christmas Guardian (16/10/08)
Back to the future? No, thanks Guardian (15/10/08)
White collar workers next victims as unemployment accelerates Times Online (16/10/08)
World jobless ‘to add 20 million’ BBC News Online (20/10/08)
UK recession is here to stay, experts warn Telegraph (26/10/08)
Recession Britain: Just how bad is it … and will it get much worse? The Independent (25/10/08)
Questions
| 1. | Explain the likely impact of the economic downturn on the UK labour market. |
| 2. | Discuss the view that “Unemployment won’t be solved by labour market flexibility ……. “. |
| 3. | Assess policies that governments around the world can adopt to try to mitigate the likely impact of a 20 million rise in unemployment. |