What did the UK government do to deal with the potential high levels of unemployment that could have arisen during the pandemic?Explain

PRESENTATION TASK:

Labour market in the UK in 2020/2021 “Employment measures the number of people in paid work or who had a job that they were temporarily away from. This differs from the number of jobs because some people have more than one job. The employment rate is the proportion of people aged between 16 and 64 years who are in employment…. Unemployment measures people without a job who have been actively seeking work within the last four weeks and are available to start work within the next two weeks. The unemployment rate is not the proportion of the total population who are unemployed. It is the proportion of the economically active population (those in work plus those seeking and available to work) who are unemployed.”

Office of National Statistics, Labour market overview, UK: July 2021

This assessment is focused on the economic aspects of the labour market, specifically employment and unemployment in the United Kingdom in 2020-2021 and their impacts on the British economy. The required economics concepts are covered in Part 6 and Part 7 of the Essentials of Economics textbook (Krugman & Wells, 2020) in chapters 12-16 (required reading). This corresponds to the subjects of module lectures 12-16.
Students are invited to present on the nature of unemployment in the UK.

Use economic theories and concepts learned in MOD3327 lectures and in the required textbook readings in Essentials of Economics (Krugman and Wells, 2020).

Identify, analyse and present their findings on ONE of the following topics:

a. Who make up the long term unemployed in the UK and why?

b. What happened to the unemployment rate in the UK during the pandemic and why?

c. What did the UK government do to deal with the potential high levels of unemployment that could have arisen during the pandemic?

d. How can the UK government reduce unemployment in the short term in the UK?

e. How can the UK government reduce unemployment in the UK in the medium and long term?
Students are expected to use at least ten sources, including the module textbook by Krugman & Wells (2020)

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