Unemployment

Wrote a piece on unemployment some time ago, under the title unemployment grandiose of delusion.  Within that post talked about welfare system mainly benefit spending, populist policies, economic and personal experience.  Everybody has experience of unemployment from personal level to knowing others in that position.  Social problem with negative economic outcomes causing issues within the labour market.  Even with basic knowledge you can understand the whole concept.

Curious how measuring unemployment works this link explains the definition.  United Kingdom currently has lower unemployment compared to pre crisis.  Worth noting need to look at the numbers together compared to employment total.   Population has increased messing up the numbers even more this growth does not tell the whole story accurately.  Looking over the numbers you see self employment record high in total, almost the same level as public sector employment. Part time employment was increased, full time employment is down.  Most of the growth has been within London when comes to jobs with everybody else having less jobs growth.  Once you start to factor in these variables things become less good.  Productivity growth is low with wage growth, self employment does not appear to be doing much.  Self employment often means lower average wage compared to everybody else and not included in wage numbers.

Measuring unemployment by Labour force survey could have it own errors within it.  UK is far from full employment instead looks to have loads of slack within the economy.  Bank of England made a blog post on the subject of job market pairing people with right job.  Bank of underground blog post.

Unemployment within the UK looks to bad even worse compared to the official numbers with negative outcomes being major policy problem.  Government however is kicking the tin can down the road.  Lazy people are not holding the labour market back so what is.  Answer lies within basic idea of demand and only one source which can give more demand.  Government fiscal spending

Moving away from the subject of unemployment back to my own personal experience.

Finding a job is not easy and rejection makes you feel worthless.  Decided to keep spreadsheet with detailed information on every job application.  Mental health has taken a hit, serious hit when comes to being jobless. Unemployment is social problem with economic negative outcomes yet nobody wants to deal with it.  Time to talk more about the subject along with update on my personal experience so far.  Who knows maybe I do updates per month on the subject much to talk about from mental impacts to general health. Hoping to hear back from couple jobs soon but who knows.