A selection of graphs and statistics on UK unemployment. Also, looking at factors that explain changes in UK unemployment. Why unemployment was lower in the 2000s and 2010s than 1980s and 90s. A success story of the UK economy? Raw data: Labour market data | Source: ONS MGSX (LFS) Current UK Unemployment rate An …
Current UK Inflation Rate CPI inflation rate: 2.3% (headline rate) CPI – D7G7 at ONS Source: Raw data General inflation tables | CPI annual % change D7G7 at ONS Other measures of inflation (CPIH) CPI including owner occupiers’ housing costs – 6.2% (CPIH – L550) See: Measures of inflation Reasons for low inflation in …
Geographical unemployment occurs when people are without work because of immobilities in firms and workers moving to/from depressed regions. For example, London may have a booming job market with vacancies, however, an unemployed man in south Wales may be unable to take the job because of difficulties in moving to London. Alternatively, a firm may …
The demand curve shows the amount of goods consumers are willing to buy at each market price. An individual demand curve shows the quantity of the good, a consumer would buy at different prices. Plotting price and quantity supply Market equilibrium More demand curves Related Factors affecting demand Demand …
This is an example of applied economics. Two different personal cases of outsourcing work. Outsourcing web-development I had a job for website development – make a menu of my other website on biographies more mobile friendly. I could have tried to do it myself, but it would have taken several hours. I’m better off specialising …
Due to lack of space in the book, we have published full bibliography on this website. Bibliography Chapter 1 Is it OK to be selfish? Frank, R H (1988) Passions Within Reason: The Strategic Role of the Emotions, p. xi. New York: W W Norton & Co. Galbraith, J K (1982) “Recession economics”, The New …
In the past 12 months, UK house prices have once again started to rise, with house price inflation reaching 6%. Even the end of stamp duty in April, did not prevent prices rising by £3,000 in May, according to the Nationwide. It means prices have regained their previous peak of 2022. However, the rise …
Why are Bond Yields RISING FAST Everywhere?Watch this video on YouTube For decades, Japan had artificially low interest rates, but since 2022, bond yields have risen, and the pace of increase is getting steeper. And when you have debt at 270% of GDP, this is a big deal. Japan has a double crisis – rising …