Your manager has asked you to prepare a 1,200 word report on unemployment in the Australian labour market. In particular, your manager has specifically requested that your report clearly explains:
Differences between fictional unemployment, structural unemployment, and cyclical unemployment; and
The costs associated with unemployment.
The report must be structured as follows:
1. Introduction
2. Unemployment in Australia: An brief overview
3. Major types of unemployment
3.1. Cyclical unemployment
3.2. Frictional unemployment
3.3. Structural unemployment
4. Cost of unemployment
5. Policy Implications
6. Conclusion.
Tips for preparing your report:
- Define your terms;
- Clearly explain economic concepts;
- Make use of multiple references;
- Keep to the word limit; and
- Ensure your assignment is well-presented and free from grammatical and typographical errors.