EMPLOYMENT AND UNEMPLOYMENT

Question 1

THE CLAIMANT COUNT

Answer 1

Claimant Count Unemployment rates are expressed as a percentage of the working age population and are calculated by expressing the numbers of claimants at that time as a percentage of the resident working age population (16-64).

Question 2

CLAIMANT COUNT IN THE UK

Answer 2

The unadjusted claimant count was 1.53 million in March 2023, which was 28,200 more than the month before and 298,000 more than in March 2020.

Question 3

THE INTERNATIONAL LABOUR ORGANISATION (ILO)

Question 4

STRUCTURAL UNEMPLOYMENT

Answer 4

Caused by a decline in a certain industry or occupation

Question 5

FRICTIONAL UNEMPLOYMENT

Answer 5

Is unemployment when workers are leaving one job and starting another

Question 6

SEASONAL UNEMPLOYMENT

Answer 6

This is when people tend to work in specific seasons. For example a farmer will work more within harvest season

Question 7

CONSEQUENCES OF UNEMPLOYMENT

Answer 7

➢Lower incomes
➢Less tax income for the government
➢Potentially higher crime rates
➢Skills can become outdated

Question 8

MIGRATION

Answer 8

➢Increases the supply of labour
➢Access to more higher skilled workers
➢