Unemployment Flashcards
1
Q
What is unemployment?
A
People who are willing and able to work but cannot find jobs
2
Q
What is labour force?
A
The number of people employed
3
Q
What is non-labour force?
A
Those who are not looking for work and those serving in the military
4
Q
What does unemployment rate =?
A
The level of unemployment divided by labour force
