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INTRODUCTION AND SUMMARY 507
The Characteristics of the Unemployed and the Demand for Labour
The Economic Consequences of Local Jobs Plans A General View
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1.5 billion aggregate demand alternatives assumed authority jobs plans average balance of payments benefit budget calculations changes Community Programme cost effectiveness cost per job costs of unemployment create jobs economy employment and macro-economic employment creation estimated example exchange rate expansion finance fiscal gross cost groups growth impact implemented income effect income tax increase in public increased public inflation Islington job creation jobless growth jobs and reduce jobs created jobs plan strategy jobs programme labour market Layard and Nickell levels of unemployment long term unemployed Macro-economic Effects Manchester manufacturing output Moreover NAIRU national insurance contributions nationally co-ordinated natural rate North Tyneside numbers of jobs pound sterling private sector productivity PSBR public borrowing public current expenditure public expenditure real interest rate recruit reduce unemployment reduced employers registered as unemployed small firms spending subsidy substitution effect Table tax cuts total number Treasury Model Treasury simulation wage whilst Youth Training Scheme