unemployment Flashcards
‘inactive population
he inactive population are people of working age (between 16 and 64) who aren’t able to work or aren’t actively seeking work.
active population
the active population are people of workig age (between 16 an 64) who are able to work aand are actively seeking work
unemployment
Unemployment is when someone is able to work and is actively seeking work but is not working
unemployment level
the number of people unemployed
unemployment rate
the % of people unemployed out of the active population
unemployment rate
unemployment level/ active population
how to calculate the emploment rate
number of employed people/ total working age population
what is the actvity/participation rate
what % of the working age population are actively seeking work or working