Measures of Unemployment

Question 1

List me 2 measures of Unemployment?

Answer 1

Labour Force Survey and Claimant Count

Question 2

What is Labour Force Survey?

Answer 2

Those who are without jobs, but have looked for work in past month and can start working now.

Question 3

What is Claimant Count?

Answer 3

Includes people who can claim the Job Seeker Allowance

Question 4

Benefits of LFS

Answer 4

1. up to date, rolling 3 monthly data. 2. Widely used for comparisons at regional level

Question 5

Cons of LFS

Answer 5

1. Small sample size. 2. subject to sampling variability.

Question 6

Benefits of Claimant Count

Answer 6

1. Up to date, provide data for each month. 2. Show record of people claiming benefits

Question 7

Cons of Claimant Count

Answer 7

1. Some people might fake it. 2. Underestimates unemployment

Question 8

What counts as only LFS unemployed

Answer 8

1. Student looking for part time job 2. People who left job voluntarily. 3. people with savings of over 160000

Question 9

What counts as only claimant count unemployed

Answer 9

1. On a gov training scheme 2. Said they are not seeking for work during survey.