MAcro R Assignment Example | Topics and Well Written Essays - 750 words

big R - Assignment ExampleNational Statistics charged with the mandate of reporting the rate of unemployment in get together Kingdom reports that the mean rate of the unemployment rate is 7.70 pct from the period of the year 1971 until 2013. The greatest unemployment rate was 12.0 percent reported on May 1984, and the lowest rate of the unemployment was 3.4 percent reported in November 1973 (Trading Economics 2013). In the United Kingdom, the calculation of the unemployment rate measures the number of persons actively searching for an occupation as a ploughshare of the entire workforce (National Statistics 2013). Moreover, National Statistics reported that there were 2.89 million of unemployed pile in UK shore from 18.000 reported on March to May 2013. These statistics clearly indicates that the unemployment rate has been declining day by day in United Kingdom. This is as a result of the government effort through which it established policies intended to bow unemployment among other issues affecting UK parsimoniousness. From the use of Microeconomic principles, there may be a host of causes of unemployment in UK. ... The main reasons for frictional employment in U.K are because information is not invariably perfect and it always takes time for people to find work. The next common form of unemployment is the structural unemployment, which occurs due to a mate of skills in the labour market. There are three main reasons for this form of unemployment namely occupational immobility, geographical immobility and technological change. Occupational immobility refers to the difficulties in learning untried skills applicable to a new industry. Many people fail to access information relevant in assisting them gain a competitory advantage in the job market. With the changes that occur everyday in organizations the job market continues to become more demanding, unfortunately many unemployed people either lack the knowledge of what they need to get the jobs or l ack the finances to advance their skills. Geographical immobility that refers to the difficulty of working in certain areas because of issues of outrage and movement is another common cause of unemployment. For example, there may be job in London, just now accommodation and living conditions compared to the place one lives may be difficult to afford. For other people, it is difficult to commit their families in search for employment. Change in technology may also lead to unemployment. This is so because steadfast can lay off some of its labour force since it is possible to perform a alike amount of work with the help of technology and maintain a smaller work force. Changes in the economy are also likely to lead to unemployment as some firm may have to soused down after economic changes make it impossible for them to continue operating (Snower 1997) Other causes of unemployment are when people