Employment and Unemployment

Question 1

Labour force

Answer 1

The labour force includes people over the age of 15 who are willing and able to work but are unable to find employment and those who are employed

Question 2

Australian Bureau of Statistics

Answer 2

The Australian Bureau of Statistics surveys a small selection of the population every month to give the government a report on the unemployment rate.

Question 3

Employed according to the ABS

Answer 3

Those who work at least one hour every week

Question 4

Unemployed according to the ABS

Answer 4

Those over the age of 15 who are willing and able to work, they must also be actively looking for employment

Question 5

Labour force survey

Answer 5

Conducted monthly by the Australian Bureau of Statistics, the labour force survey involves a very small percentage of the population, people in the labour force are classified and measured according to their labour force status. From this the ABS calculate an unemployment rate and give this information to the government

Question 6

Non labour force people

Question 7

Calculating unemployment rate - formula

Answer 7

Number of people unemployed

Question 8

Current unemployment rate (%)

Answer 8

4.1%

Question 9

Limitations of unemployment rate

Answer 9

1.
2.
3.

Question 10

Cyclical unemployment

Question 11

Structural unemployment

Question 12

Frictional unemployment

Question 13

Seasonal unemployment

Question 14

Long term unemployment

Question 15

Youth unemployment

Question 16

Youth unemployment rate (%)

Question 17

Living standards

Question 18

Material wellbeing

Question 19

Non-material wellbeing

Question 20

Unemployment - effect on individuals

Question 21

Unemployment - effect on business/society

Question 22

Unemployment - effect on governmemt