You are on page 1of 31

Unemployment

Unemployment

Unemployment
in practice
Unemployment rates in selected industrial countries
14 UK

12
Unemployment (% of workforce)

10

0
1970 1975 1980 1985 1990 1995 2000
Unemployment rates in selected industrial countries
14 UK

12
Unemployment (% of workforce)

10

0
1970 1975 1980 1985 1990 1995 2000
Unemployment rates in selected industrial countries
14 UK
France
12
Unemployment (% of workforce)

10

0
1970 1975 1980 1985 1990 1995 2000
Unemployment rates in selected industrial countries
14 UK
France
12
Unemployment (% of workforce)

10

0
1970 1975 1980 1985 1990 1995 2000
Unemployment rates in selected industrial countries
14 UK Germany
France
12
Unemployment (% of workforce)

10

0
1970 1975 1980 1985 1990 1995 2000
Unemployment rates in selected industrial countries
14 UK Germany
France
12
Unemployment (% of workforce)

10

0
1970 1975 1980 1985 1990 1995 2000
Unemployment rates in selected industrial countries
14 UK Germany
France USA
12
Unemployment (% of workforce)

10

0
1970 1975 1980 1985 1990 1995 2000
Unemployment rates in selected industrial countries
14 UK Germany
France USA
12
Unemployment (% of workforce)

10

0
1970 1975 1980 1985 1990 1995 2000
Unemployment rates in selected industrial countries
14 UK Germany Japan
France USA
12
Unemployment (% of workforce)

10

0
1970 1975 1980 1985 1990 1995 2000
Unemployment rates in selected industrial countries
14 UK Germany Japan
France USA
12
Unemployment (% of workforce)

10

0
1970 1975 1980 1985 1990 1995 2000
Unemployment rates in selected industrial countries
14 UK Germany Japan
France USA OECD
12
Unemployment (% of workforce)

10

0
1970 1975 1980 1985 1990 1995 2000
Unemployment rates in selected industrial countries
14 UK Germany Japan
France USA OECD
12
Unemployment (% of workforce)

10

0
1970 1975 1980 1985 1990 1995 2000
Standardised unemployment rates in different
sectors of the labour market (2002)
Standardised unemployment rates in different
sectors of the labour market (2002)
Standardised unemployment rates in different
sectors of the labour market (2002)
Standardised unemployment rates in different
sectors of the labour market (2002)
Unemployment

Equilibrium
unemployment
Equilibrium unemployment

ASL
Average (real) wage rate

e
We

ADL

O
Qe
No. of workers
Equilibrium unemployment

ASL N
Average (real) wage rate

e d
We

ADL

O
Qe Q2
No. of workers
Unemployment

Equilibrium
unemployment
The average duration
of unemployment
Average duration of unemployment

Wage rate offered (Wo)


Wage rate

Wage rate acceptable


to worker (Wa)

O tl
Period of search
Unemployment

Disequilibrium
unemployment
Disequilibrium unemployment

ASL
Average (real) wage rate

B A
W2

We

ADL

O Q2 Q1
No. of workers
Unemployment

Disequilibrium
unemployment
Demand-deficient
unemployment
Demand-deficient unemployment
ASL
Average (real) wage rate

W1

W2

ADL 1
ADL 2
O Q2 Q1
No. of workers
Unemployment

Equilibrium and
disequilibrium
unemployment
Equilibrium and disequilibrium unemployment

ASL
Average (real) wage rate

e
We

ADL

O
Qe
No. of workers
Equilibrium and disequilibrium unemployment

ASL
Average (real) wage rate

Disequilibrium
unemployment

b a
W2
e
We

ADL

No. of workers
Equilibrium and disequilibrium unemployment

ASL
N
Average (real) wage rate

Disequilibrium
unemployment

b a c
W2
e
We Equilibrium
unemployment

ADL

No. of workers

You might also like