Unemployment Flashcards
1
Q
Natural rate of unemployment
A
3.5%
2
Q
unemployment rate
A
4.2% (rising, cyclical)
3
Q
employment rate
A
74.5% (wage growth)
4
Q
economic inactivity rate
A
22.2% (lower economic potential)
5
Q
wage growth
A
5.6%
6
Q
job vacancies
A
falling (loose labour market)
7
Q
youth unemployment
A
11%
8
Q
consumer confidence
A
low. LFS only had 15,000 compared to 100,000, so not good data
