The economic decline in Beckway created high and unusual levels of unemployment. Over 10 million persons re-entered the pool of unemployed and the unemployment rate rose to a record high of 18.8%. The largest sector responsible for growth in the economy, Manufacturing, drastically declined. As a result, over 55% of the unemployed persons were out of a job for over a year. As experience and skills became obsolete, more workers lost their jobs.

a. With reference to the case identify the two types of unemployment with a short descriptive narrative.

b. Detail the rationale for each type of unemployment you have identified.

c. In your capacity as Consultant with a Specialty in Policy Development, provide a detailed report to the Prime Minister of Beckway, on initiatives or policies that should be implemented to reduce the two types of unemployment identified in part (a)above.

Application

2 types of unemployment described

The rationale for selecting each. Includes supporting diagrams/ graphical representation

Identify suitable policies for reducing the two types of unemployment. Includes supporting diagrams /graphical representation

Analysis

How the policies identified will reduce one type of unemployment?

Includes supporting diagrams/ graphical representation

How the policies identified will reduce the other types of unemployment?

Includes supporting diagrams/graphical representation