Your manager has asked you to prepare a 1200 word report on unemployment in the Australian labor market. In particular your manager has specifically requested that your report clearly explains
Differences between fictional unemployment structural employment and cyclical unemployment and the costs associated with unemployment
The report must be structured as follows:
2. Unemployment in Australia: a brief overview.
3. Major types of Unemployment
· Cyclical Unemployment
· Structural unemployment
· Fictional Unemployment
4. Cost of unemployment
5. Policy Implications
Tips for preparing your report: Define your terms
Clearly explain economic concepts
Make use of multiple references
Keep to word limit.