UNEMPLOYMENT Reasons for unemployment: (1) ECONOMIC RECESSION This is when consumer spending falls and workers are laid off leading to a decrease in circulation of money causing further unemployment. Competition from free trade after 1972 caused firms to close and unemployment began to rise. Unemployment rates rose rapidly during the 1980's when multinational companies pulled out and new multinational companies failed to invest. (2) SEASONAL UNEMPLOYMENT This is when workers are laid off during slack periods of the …
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showed last 75 words of 540 total
…reserve them for other back to work participants. -<Tab/>This would equate to 25% of unemployment <Tab/>payment 4.<Tab/>Technical Assistance and Training Grants -<Tab/>Self employed and on back-to-work scheme -<Tab/>Assists with business plans, marketing research, <Tab/>product development and specialist training skills (e.g. I.T.).