Unemployment

Unemployment

Unemployment

Unemployment in practice

Unemployment rates in selected industrial countries UK

Unemployment (% of workforce)

14 12 10 8 6 4 2 0 1970

1975

1980

1985

1990

1995

2000

Unemployment rates in selected industrial countries UK

Unemployment (% of workforce)

14 12 10 8 6 4 2 0 1970

1975

1980

1985

1990

1995

2000

Unemployment rates in selected industrial countries UK France

Unemployment (% of workforce)

14 12 10 8 6 4 2 0 1970

1975

1980

1985

1990

1995

2000

Unemployment rates in selected industrial countries UK France

Unemployment (% of workforce)

14 12 10 8 6 4 2 0 1970

1975

1980

1985

1990

1995

2000

Unemployment rates in selected industrial countries UK France

Unemployment (% of workforce)

14

Germany

12 10 8 6 4 2 0 1970

1975

1980

1985

1990

1995

2000

Unemployment rates in selected industrial countries UK France

Unemployment (% of workforce)

14

Germany

12 10 8 6 4 2 0 1970

1975

1980

1985

1990

1995

2000

Unemployment rates in selected industrial countries UK France

Unemployment (% of workforce)

14

Germany USA

12 10 8 6 4 2 0 1970

1975

1980

1985

1990

1995

2000

Unemployment rates in selected industrial countries UK France

Unemployment (% of workforce)

14

Germany USA

12 10 8 6 4 2 0 1970

1975

1980

1985

1990

1995

2000

Unemployment rates in selected industrial countries UK France

Unemployment (% of workforce)

14

Germany

Japan

USA

12 10 8 6 4 2 0 1970

1975

1980

1985

1990

1995

2000

Unemployment rates in selected industrial countries UK France

Unemployment (% of workforce)

14

Germany

Japan

USA

12 10 8 6 4 2 0 1970

1975

1980

1985

1990

1995

2000

Unemployment rates in selected industrial countries UK France

Unemployment (% of workforce)

14

Germany USA

Japan OECD

12 10 8 6 4 2 0 1970

1975

1980

1985

1990

1995

2000

Unemployment rates in selected industrial countries UK France

Unemployment (% of workforce)

14

Germany USA

Japan OECD

12 10 8 6 4 2 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

Average (real) wage rate

ASL

e We

ADL O

Qe No. of workers

Average (real) wage rate

Equilibrium unemployment ASL N

e We

d

ADL O

Qe

Q2

No. of workers

Unemployment

Equilibrium unemployment The average duration of unemployment

Average duration of unemployment

Wage rate

Wage rate offered (Wo)

Wage rate acceptable to worker (Wa) O

tl Period of search

Unemployment

Disequilibrium unemployment

Disequilibrium unemployment

Average (real) wage rate

ASL

W2

B

A

We

ADL O

Q2

Q1 No. of workers

Unemployment

Disequilibrium unemployment Demand-deficient unemployment

Demand-deficient unemployment

Average (real) wage rate

ASL

W1 W2

ADL 1 ADL 2 O

Q2

Q1 No. of workers

Unemployment

Equilibrium and disequilibrium unemployment

Equilibrium and disequilibrium unemployment

Average (real) wage rate

ASL

e We

ADL O

Qe No. of workers

Equilibrium and disequilibrium unemployment

Average (real) wage rate

ASL Disequilibrium unemployment

W2

b

a e

We

ADL O No. of workers

Equilibrium and disequilibrium unemployment

Average (real) wage rate

ASL Disequilibrium unemployment

W2

b

a

N

c

e We

Equilibrium unemployment

ADL O No. of workers