Employment and Unemployment Flashcards
What is the working population?
the total number of individuals who are of working age, typically considered to be those who are capable of and available for work. It includes both employed and unemployed individuals.
What is the labour force?
Those who are either employed or actively seeking employment. It is a subset of the working population and represents the pool of people available for and actively engaged in productive work.
What is economic inactivity?
not being engaged in the labour force, includes pensioners, students, homemakers, discouraged workers and others who are neither employed nor actively seeking employment.
What is the labour force participation rate?
workers in the labour force compared to the number of people in the working population
What is the employment rate?
the proportion of people of working age who are in employment (employees, self-employed, full time & part time
What are the unemployed?
someone of working age, willing and able to work, and actively seeking work, but cannot find a job.
What is the unemployment rate?
the percentage of the labour force that areunemployed (NB the labour force includes those in work and theunemployed)
What is the Labour Force Survey?
this survey asks 60-70,000 UK households to self-classify as being employed, unemployed or economically inactive.
What is the claimant count?
this counts the total number of recipients of Job Seeker’s Allowance (JSA) added to those looking for work to claim Universal Credit (UC).
What are labour market flows?
People of working age can be employed, unemployed or economically inactive; over time they may ‘flow’ in and out and between these categories.
What are types of unemployment?
- Regional
- Long term
- Mass
- Youth
- Discouraged workers
- Hidden
- Underemployment
What is regional unemployment?
unemployment rate varies across regions.
What is long term unemployment?
people unemployed for over 12 months
What is mass unemployment?
1 in 10 of the labour force are unemployed