The document defines unemployment as people of working age who are able and seeking work but unable to find full-time employment. It classifies unemployment into four types: frictional due to job transitions, structural from long-term industry changes, cyclical rising in recessions, and seasonal in certain periods of the year. The document discusses using fiscal and monetary policies as well as reducing taxes and improving education/training to control unemployment.

1. Presentation
On
Unemployment

2. Highlights
 Definition.
 Classification of Unemployment.
 Policies to control Unemployment.

3. What is
Unemployment ?
 Total number of able men and women of
working age seeking work.
 Unemployment is defined as a situation
where some one of working age is not
able to get a job but would like to be in
full time employment.

4. Classification of Unemployment.
 Frictional Unemployment.
 Structural Unemployment.
 Cyclical or Keynesian Unemployment.
 Seasonal Unemployment.

5. Frictional
Unemployment
 Frictional unemployment temporary
unemployment arising out of the
inevitable time lags in the functioning
of labour markets, such as the time
taken in moving from one job to
another.

6. Structural
Unemployment
 Structural unemployment is a
more permanent level of
unemployment that’s caused by
forces other than the business
cycle.

7. Cyclical
Unemployment
 A factor of overall unemployment that
cyclical trends in growth and production
that occur within the business cycle.
 This type of unemployment increases
during a recession and decreases during
expansion.

8. Seasonal
Unemployment
 Seasonal unemployment An elevated
level of unemployment that is
expected to occur at certain parts of
the year

9. Unemployment
Shows On ISLM
Curve.

10. Policies to control
Unemployment.
 Fiscal Policy: Fiscal policy is government
taxation, spending and how it affects the
economy.
 Monetary Policy: Economic strategy
chosen by a government in deciding
expansion or contraction in the country’s
money supply.
 Reducing Taxes: Tax reduction strategy A
plan for reducing the amount of income.

11. Policies to Reduce
supply side
Unemployment
 1. Education and Training.
 2.Reduce Power of Trade.
 3.Employment Subsidies.
 4.Improve Labour Market Flexibility.
 5.Stricter Benefit.
 6.Increased Geographical Mobility.