Lesson 10 - Unemployment Flashcards
Define Unemployment
Without job, actively seeking job in last 4 weeks, able to start within 2 weeks
Waiting to start a job within 2 weeks
Define Inactive
Doesn’t qualify as part of the labour force
Which demographics can be classified as inactive
Students
Children
Retired/Pensioners
Lottery winners
Unable to work
What is the Labour Force?
Total active population of a nation
Employed + Unemployed
What is the Unemployment Rate?
Number of unemployed as % of labour force
Give 5 government policies regarding the labour force
Increase number of young in Uni
Free childcare for working mothers
Reduction in unemployment benefits
Increase in migration/immigration
Increase in age of applicability for state pension
How does increasing students in Uni have an impact upon the labour force?
Lowers active labour force
How does childcare for working mothers have an impact upon the labour force?
Increases active
Able to continue working
How does reducing unemployment benefits have an impact upon the labour force?
No impact
Unemployed become employed
How does increasing migration/immigration have an impact upon the labour force?
Increase in active
More working age citizens
How does increasing age of applicability for state pension have an impact upon the labour force?
Increase in active
More people working for longer
What are the 4 government employment objectives?
Create more jobs
Increase activity rates
Reduce unemployment
Reduce underemployment
What is the activity rate?
Labour force as % of population
