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Synoptic Economics: Falling Unemployment

Level:
A-Level
Board:
Edexcel

Last updated 31 May 2019

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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.

Synoptic Economics: Falling Unemployment
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