Topic Videos
Synoptic Economics: Falling Unemployment
- Level:
- A-Level
- Board:
- Edexcel
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.
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Study Notes