Economics 2 Essay Example | Topics and Well Written Essays - 1500 words

Economics 2 - Essay ExampleThe stark contrasts in these unemployment figures emit causative features in these two diverse European economies.The UK has a rich tradition of work enculturation resulting in high economic activities and thereby yielding low unemployment figures. The activities comprising employment turnover in UK is loosely well coordinated ensuring better chances of employment for the unemployed while moving from one job to other in short period of time within the financial year. The job market is upbeat with heavy prospects for part time and contract employments.The availability of employment, however, does not per se serve as criteria for better type economy. The parameters for economic excellence extend beyond the precincts of the employment factor. Advancing technologies, changing business practices, confabulation and development systems, globalization, etc. require adequate qualified and trained manpower.The lack of adequate education and training among fun damental number of job seekers in UK to meet the growing demands of the industries is the mitigating factor in UKs economy. This factor is problematic for employers on the lookout for candidates possessing the right educational qualification and skills. Nonetheless, organizations such as Learning and Skills Councils (LSCs) have taken up the responsibility of providing ways and means for continually educating young adults over 16 years of age and similarly providing them with job-specific training.One of the major causes for unemployment in the UK can be attributed to the insufficient availability of prospective candidates possessing the right educational qualifications and skills. Other reasons whitethorn comprise job seekers lack of motivation or disproportionate expectations. Still, other factors may relate to the job market shoes of the day necessitating lay off, etc. Also, changing or go away jobs for better prospects could leave some people without employment for some time. Advancing technologies is another reason for unemployment. Technologies and communication systems are changing the way we work the world over. Job competition in such situation causes employers to seek out hard working, efficient candidates for various posts leaving less efficient or make individuals jobless. (Tim Miller) Unemployment in ItalyThe unemployment scenario in Italy is spread unevenly along the lines of region, gender and age. Unemployment among the female workforce is approximately 14.4%. It is 8% for the male working population. Given the fact that Italy espouses conservative social values, many female young adults demand to stay home if safe and secure jobs are not available. Unemployment among