Introduction to Unemployment in the UK Labour Market

The video explores the concept of unemployment within the UK labour market, discussing its economic impact, the definition of the labour force, and the components of employment and unemployment. It covers methods for measuring unemployment, regional and long-term trends, and the effects of industrial change on the labour force. The video aims to provide a foundational understanding of these concepts for further analysis.

How does the concept of economically active individuals relate to the labour force?

Describe the trends in the UK employment rate from 1971 to 2019.

What are the implications of long-term unemployment on individuals and the economy?

What factors can lead to changes in the size of the labour force?