LS4 - Unemployment And Employment

Question 1

What is the difference between being economically inactive and unemployed?

Answer 1

Economically inactive is student, the sick and carers. Discouraged workers too. The unemployed is those in the workforce that are without jobs.

Question 2

What is a macroeconomic objective for employment?

Answer 2

Full employment

Question 3

What is the claimant count measure?

Answer 3

A measure of unemployment that counts the total number of recipients of JOB SEEKERS ALLOWANCE (JSA) added to those who must be looking for work to claim universal credit.

Question 4

What is the labour force survey?

Answer 4

Measure of unemployment which asks 60,000 to 70,000 households to classify as employed, self employed or economically inactive.

Question 5

What is the disadvantages of the labour force survey?

Answer 5

Due to it being a survey of 60,000 households there will be sampling errors.

Question 6

What is the disadvantages of the claimant count?

Answer 6

People may be too proud to claim universal credit.