UK One of The Lowest Spending Countries On Unemployment Shows Latest OECD Figures

Tuesday 16 March, 2021 Written by 
UK One of The Lowest Spending Countries On Unemployment Shows Latest OECD Figures

OECD - Public unemployment spending is defined as expenditure on cash benefits for people to compensate for unemployment. The UK is therefore one of the lowest spenders on unemployment as a percentage of GDP (Gross Domestic Product).  

This includes redundancy payments from public funds, as well as the payment of pensions to beneficiaries before they reach the standard pensionable age, if these payments are made because the beneficiaries are out of work or for other labour market policy reasons.

This indicator is measured in percentage of GDP.

Public Unemployment Spending

ABC Comment, have your say below:

ABC Note add a comment and have you say below

1 comment

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

Join
FREE
Here

GET STARTED

ABCorgdotnet Simon Collyer on Chelmsford Community Radio 104.4FM with Nita Jhummu - Association of Pensions & Benefits Claimants… https://t.co/fjIGnucCvE
ABCorgdotnet Prince Philip Has Died Aged 99 - Association of Pensions & Benefits Claimants CIC https://t.co/UK8IBeOrxl https://t.co/bWmJUgeDly
ABCorgdotnet New Tax Year Social Security Increases For 2021- 2022 - Association of Pensions & Benefits Claimants CIC https://t.co/WYp5kHN3Lw
ABCorgdotnet New Tax Year Social Security Increases For 2021- 2022 - Association of Pensions & Benefits Claimants CIC… https://t.co/oYFQ3987J1
ABCorgdotnet US Companies, Deadline to Apply For The 2021 HIRE Vets Medallion Award is April 30, 2021 - Association of Pensions… https://t.co/jpvcVkzpGu