CC4 Flashcards

1
Q

Population of working age

A

The total number of people aged between statutory school leaving age and the state retirement age

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2
Q

Employed

A

The number of people in work

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3
Q

Employment rate

A

The percentage of the population of working age that is in a job
)No. people employed / Working age population) × 100

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4
Q

Unemployment rate

A

The percentage of the workforce (that is able and willing to work) that is not currently employed and actively seeking work

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5
Q

Labour force / workforce

A

Those in work or actively seeking work
(No. unemployed / UE + Employed) × 100

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6
Q

Unemployment

A

The number of people out of work who are willing and able to work

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7
Q

Participation rate

A

The percentage of the working population who are in the labour force. 18-65 year olds either working or actively seeking work

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8
Q

Active population

A

Those in work or actively seeking work; also known as the labour force

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9
Q

Activity rate or participation rate

A

The number of those in work or unemployed divided by the population of working age expressed as a percentage

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10
Q

Inactive

A

The number of those not in work and not unemployed

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11
Q

Inactivity rate

A

The number of those not in work and not unemployed / the population of working age expressed as a percentage Inactivity rate (the proportion of people aged from 16 to 64 who were economically inactive

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12
Q

Claimant count

A

Those claiming unemployment related benefits.
Mainly job seekers allowance but also those seeking work and claiming the universal credit
(Old measure)

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13
Q

Cyclical unemployment

A

Unemployment caused by a lack of demand in an economy.
Labour as a derived demand

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14
Q

De-industrialisation

A

Fall in the proportion of national output accounted for by the manufacturing sector of the economy

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15
Q

Emigration

A

Leaving a country

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16
Q

Frictional unemployment

A

Transitional unemployment due to people moving jobs. Can be voluntary

17
Q

Geographical immobility

A

Inability of workers to move from one are to another

18
Q

ILO

A

International Labour Organisation
The Government’s official measure of unemployment

19
Q

Immigration

A

Coming to live in a country

20
Q

Labour Force Survey

A

People who have looked for work in the last 4 weeks and are able to start work in the next 2 weeks

21
Q

Long Term Unemloyed

A

Num of people out of work for at least a year

22
Q

Migration

A

Movement of people to a new area/country in order to find work or better living conditions

23
Q

National Living Wage

24
Q

Net Migration

A

Immigration to a country minus the emigration over a period of time

25
Occupational Immobility
Refers to the inability of workers to move from one area to another
26
Participation rate
27
Real wage inflexibility
Workers are unemployed because real wages are too high and inflexible downwards, leading to insufficient demand for workers from employers
28
Seasonal unemployment
Where workers are unemployed for parts of the year because their occupation is seasonal in nature e.g tourism
29
Under-employment
Workers who would work more hours if available or are in jobs below their skill level
30
Structural unemployment
When the pattern of demand and production changes leaving workers unemployed in labour markets where demand has shrunk. Include regional, sectoral or technological unemployment which results from labour immobility
31
Zero Hour Contract
Worker is not obliged to provide any minimum working hours and not obliged to accept any work offered