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In addition to the economic burden of long-term unemployment, social, cultural, ethnic and political effects show the real costs of unemployment covered by the entire society and by unemployed individuals. To get back to the 4.7% unemployment we had in 2007 requires nearly 300,000 new jobs every month. One of the challenges Philip Hammond has set himself for his autumn statement on November 23, among many others, is to boost Britain’s productivity. But why should "real" unemployment be considered a more useful economic barometer than the standard unemployment rate?

Pages: 160

Publisher: Berrett-Koehler Publishers; 1 edition (October 2, 2002)


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