Labour Market Policy Write a continuous essay to answer one of the 5

Labour Market Policy Write a straight to answer one of the 5 questions - Essay ExampleEstimates given shows that unemployment levels mostly stayed below the 5 percent level with coming down to nearly 1 percent during 1950. However, the level of unemployment started to rise gradually during the full point of 1970 reaching to 8.5 percent during 1991. This reflects a meteoric rise in the nature of unemployment in Britain in regards to some other economies of Europe. Estimates reveal that unemployment in Britain rose by 31 percent unlike a rise of further 4 percent in France during the early period of 1990. (McLaughlin, 1992, pp. 1-2) As a solution measure, the right flack to labor policy needs to be determined.It is observed that the nature of unemployment varies along different countries around the human race depending on various factors. Factors, which are mainly observed to contribute to the unemployment growth after the 1970 period, can be listed as the different set of ideol ogies regarding management of wage structure, the pattern of labor elasticity and labor authority of different countries. Differences in the degree of labor potential in the different countries owe its occurrence referable to the promotion of open- commercialize economy. Promotion of the open-market economy led to the use of use of exchange rates to different regions of the market. This is interpreted to be a potential reason for the differences in labor potential in different market economies around the world. The above fact can also be demonstrated in respect of the traded goods cranial orbit of the German Republic. It is found that the growth in production in the traded goods section of the German economy surpasses the productiveness growth in like empyrean in Britain. The above fact owes its effects from two reasons. The prototypal reason that can be attributed to the above cause is the rise in wages in the traded sector in Germany in comparison with no such wage rise in Br itains traded goods sector.