1. Unemployment and Its Natural Rate28
Unemployment and Its Natural Rate

2. Figure 1 Breakdown of the UK Adult Population in 2010
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3. Figure 2 The Labour Market Experience of Different Groups
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4. Figure 3 UK Unemployment Rate Since 1971
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5. Figure 4 EU Unemployment – December 2009
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6. Figure 4 Unemployment from a Wage Above the Equilibrium Level
Labour
supply
Surplus of labour =
Unemployment
Labour
demand
Minimum
wage LD LS WE LE
Quantity of
labour
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