employment & unemployment Flashcards
1
Q
why do people work?
A
- to make money
- to contribute to society
- to learn new skills
2
Q
unemployment
A
- is a situation where people who are willing to work are unable to find employment
3
Q
measuring unemployment
A
- measured by the Australian Bureau of Statistics (ABS)
- survey conducted monthly and involved 0.5% of the population
4
Q
employment
A
- if a person working for more than one hour per week & receive income or profit
5
Q
non-labour force
A
- made up of all people who are over 15, who are not working or seeking work.
- students, retired, full time carers
6
Q
hidden employment
A
- people who are not actively looking for work as they have been rejected multiple times
7
Q
underemployment
A
- those working below capacity, (part time who want to be full time)
8
Q
statistical problems
A
- small sample size leads means not as accurate since only a section of population
9
Q
misleading survey answers
A
- when responding to a survey about employment, people lie about state of employment to earn unemployment benefits
10
Q
structural unemployment
A
- result of changes in goods or services
- new tech takes over jobs in order to increase productivity
11
Q
cyclical unemployment
A
- downturn in the economy
- people save rather than spend with the fear of loosing job
- people aren’t buying things so jobs lost as less products need to be made
12
Q
seasonal unemployment
A
- jobs change yearly due to change in seasons
- fruit picking, sheep shearing, ski field jobs
13
Q
frictional unemployment
A
- when people are unemployed between finishing one job & starting another
14
Q
long term unemployment
A
- refers to people who have been unemployed for 52 consecutive weeks or longer
15
Q
youth unemployment
A
- young people more likely to be unemployed
- 2-2.5 times more likely to be unemployed compared with adults
- unemployment rate is about 9.6% or double
