Synoptic Economics: Falling Unemployment
Last updated 31 May 2019
In this short revision video we make a distinction between some of the micro and macroeconomic effects of a sustained fall in unemployment. Unemployment rates have been falling quickly in many countries including the UK where the labour force survey unemployment rate is now below 4%. That said, measured unemployment remains high in many counties including Greece, Spain, Brazil and also India and in all cases there is also likely to be significant hidden unemployment.