economics

The form of unemployment is structural unemployment through the case. Before analyzing the effects such a structure brought to people, it is necessary to understand what the unemployment is.

The definition of structural unemployment Structural unemployment is long-term and chronic unemployment arising from imbalances between the skills and other characteristics of workers in the market and the needs of employers. It involves a mismatch between workers looking for jobs and the vacancies available often despite the number of vacancies being similar to the number of unemployed people. In this case, the unemployed workers lack the specific skills required for the jobs, or are located in a different geographical region to the vacant jobs. Structural unemployment is usually a result of structural change. The government

can mitigate the problem by providing an infrastructure that offers

‘training in these areas so that the demand for these jobs can be met. For example, the USA provides community colleges so that more people can have the opportunity to increase their skills, which in turn increases the supply of labor in skilled areas.

Explain the how New Deal policy tackles unemployment

From the article shown above, the policies that have been applied by New Deal are clearly introduced. The New Deal tackles unemployment through supplying the unemployment allowance, setting up health care scheme and designing some training programmed and provides job seeking, unemployment payment and social security. New Deal policies are really help for the unemployment because by using of those policies it can help people train new skills. A

person unemployed, the government also used these five kinds of ways to solve. But the society is complex, government's any procedure only cuts the unemployment rate as far as possible, is impossible to eliminate the unemployment rate

What impact will unemployment have had on individuals and business in areas such as Liverpool? Identify two effects for each.

The unemployment creates a huge impact on either individuals or business through the article the description of the article. For individuals:

 People can not earn any income because of the unemployment as a result people live in poor.

 As the unemployment have less spending power, the people are hard to make income at the same time the standard of living is falling.

 Unemployment can not receive any income so the knowledge and skills of people can not be well developed.

For business  Organization can choose the suitable staff for some position in which professional

knowledge and skill are needed.  The unemployment leads organization into the terms of down sizing. On the other hand, the capacity of production is falling because of the unemployment.  If the unemployment rates constantly improve, the products of factory or organization will loss market.

Using the chart, above, examine the trends in unemployment in Britain over the last 20 years

From the year 1983 to 1986 can prove that the British economy is weak. The level of unemployment is extremely high, which is 11% at average.

At the period of 1986 to 1990, the level of unemployment, which down from 11% to 5%. The falling trends of the level of unemployment can prove the economy of Britain is looking up because the increasing commercial activities create much more opportunities for the unemployment to be employed.

From 1993 to 2003, the economy of Britain increase from the bottom to top in an economical circle. The level of unemployment fell from 10% to 3%. This can prove that policies applied by government make the economy of Britain stably improve. Polices used by

government are fiscal and monetary policy.

Explain the two fiscal policies identified in the article.

The two identified policies are: stabilize the economy and regulating demand.

Discuss two effects of government specially and evaluate them.

Expand demand to solve the unemployment issues

Develop the standard of living and living environment

Something like building road, bridge and gardens

The evaluation of use of fiscal and monetary policy over 20s can through

analyzing the level of unemployment.  The government successfully applied the fiscal and monetary policy. The economy in local economical circle is gradually going to be stable through the level of unemployment down to 3% in the past 20 years.  The policies have been used by government like New Deal etc help the unemployment find new jobs. On the other hand, those policies quicken economy to bring thrive commercial activities.  Currency policy does not mentioned in the article

Question3

Identify a regional policy the government has used to regenerate

regions in Britain and assess how successful the policy has been.

Regional policy is the means by which governments and international organisations seek to reduce spatial disparities in economic well being. It sets the framework for regional planning.

By use of regional policy, the organization in that region can receive allowance. This policy attracts investment from other region so the employment issue can be solved. Government makes investment for infrastructures like airport, express etc. with a good infrastructure; it is good for people in a long run. Regional policy include sub policies like New Deal that helps unemployment get trained to obtain new jobs.