Unemployment in Christchurch
Unemployment is defined as a situation where someone of working age is not able to get a job but would like to be in full time employment.
After Earthquake in Christchurch was Structural Unemployment.
Many offices and factories were collapsed it led to the dismissal of employees.
Frictional Unemployment - This type of unemployment occurs because of workers who are voluntarily between jobs.
Cyclical unemployment - Occurs during cyclical economic downturn and a lack of demand.
Structural Unemployment - Changes occur in market economies such that demand increases for some jobs skills while other job skills become outmoded and are no longer in demand.
Supply and demand diagram of the labour market
AD-AS model graph
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| I would like to begin my topic by defining the term unemployment. There are many definitions of unemployment, but I’ve chosen the following: unemployment is an economic condition marked by the fact | | | One aspect of an unhealthy economy involves the lack of employment for those individuals who wish to work. Unemployment is defined as those participants in the labor force that have the inability to |