unemployment

Question 1

how many parts to definition

Answer 1

4

Question 2

define unemployment

Answer 2

those of working age

who are willing and able to work

activey seeking work

but dont have a job

Question 3

what are the 2 main ways to meausre unemployment

Answer 3

labour force survey

claimant count

Question 4

which is the big daddy of measuin gunemployment

Answer 4

laobur force survety

Question 5

what is the labour force survey

Answer 5

survey conducted by te ONS about employment

Question 6

how many people and households does the laour force survey ask

Answer 6

40k hh

100,000 people

Question 7

from unemployment data collecte in the LFS what 3 things can we workout

Answer 7

those employed

those unemployed

those economically inactive

Question 8

what is economically active

Answer 8

those of wokring age but not willing to work

Question 9

how do you work out unemployment

Answer 9

unemployed /
economically active

x 100

Question 10

what is the economically active

Answer 10

those employed + unepmloyed (According to our definniton

Question 11

what does claimant account measue

Answer 11

total number of people claiming unemployment beenfits

Question 12

whats the 4 things wrong wiht the claimant count

Answer 12

difficult to compare between coutnriees

not everyone will claim

not everyone can claim

subject to fraud

Question 13

why is it subject to fraud

Answer 13

casue its a money hand out

Question 14

why is it difficult to compare between countries

Answer 14

some dont offer unemp benefits

condiitons to get unemployment benefits vary

Question 15

why is claimant count always lower than labour force survey

Answer 15

cause not everyone will and can claim

Question 16

why wont everyone claim unemployment benfits

Answer 16

may not need them / embarrased

Question 17

why can everyoen not claim unemp benefits

Answer 17

its a handout by the gov therfore strict conditions
#e.g may be excluded due to having large savings/assests, partners income

Question 18

what are the 6 issue with the labour force survey

Answer 18

sampling errors

hidden unemployed discouraged workrers

inactive grops

underemployment

disparities

Question 19

explain sampling errors of lbour force survey

Answer 19

100k tiny sampel compared to workinf age pop of arun 40 million

so trying to extrapolat eoet whole econ will result in sampling errors

margin of error of unep 3%+- wide

Question 20

who are discouraged orkers

Answer 20

try to get work but rejected constantly
these knocks beocme hard to tolerate so people give up and drop out of labour force as not willing and seeking eotk anymore

Question 21

why is hidden unep of discouraged worekrs a problem of labour force survey

Answer 21

not ociunted as unemployed but should be

e.g uni graduates 20 young and hihg working productive potential

Question 22

who are inactive groups

Answer 22

those of wokring age but not willilng to work

we dont mind some of these groups such as full time studnets but soe shoud be e.g careers /early retired

Question 23

inactive grous such as the early retired have got a high

Answer 23

productive potential

Question 24

those who are imactive are basically

Answer 24

unemployed resources but not coutned as not willing to work

Question 25

those under employed are counted as

Answer 25

fully employed

Question 26

in the Uk whats the condiiton to be employed full time

Answer 26

1 hour a week

Question 27

whats the problem witht eh under empolyed int erms of isseus of lfs

Answer 27

those who want ft work but are on part tmime are only partially employed e.g ZHC

so incorrect

Question 28

explain problem of disparitites

Answer 28

dont tell you about diff in unemp e.g age, gender race

meaning one gov cant effectivley target reducing unemp as dont know speciif grous - so not macing potential out of specific policies

Question 29

why are disparities important

Answer 29

tell us about potentially underlying structural issues in the econ - can do gov such as legislaiton

Question 30

what is voluntary unemployment

Answer 30

when wage given doesnt give enough incentive to work so you choose not to do it

Question 31

what is involuntary unemploymen

Answer 31

when workers are willing to work at the current wage rate but cant find jobs