Unemployment Flashcards
1
Q
Frictional
A
Out of work due to personal short term unemployment
2
Q
Structural
A
Skills no longer relevant
3
Q
Cyclical
A
Economic reasons
4
Q
Seasonal
A
Part of the year when there is no work in your job
5
Q
Reasons for demand deficient unemployment
A
- High interest rates
- Global recession
- Negative multiplier effect
- Financial crisis
6
Q
Claimant count
A
Measures the people who are eligible to claim the job seeker allowance - JSA - now universal credit
7
Q
People that can redeem CC
A
- Out of work
- Available for work
- 18-66
- Actively seeking employment
- Excludes various people
8
Q
Benefits of CC
A
- Up to date
- Cheap to construct
- Easy to understand/compare
9
Q
Problems with CC
A
- Misses out on ppl
- Some ppl refuse to claim benefits
- Ignores under 18 and over 66
- Not used in Europe
10
Q
What is LSF not shorterned
A
Labour force survey
11
Q
LSF surgery (ILO)
A
- Survey of 80,000 ppl
- No job for 4 weeks and can work immediately
- 16-70
- Used in Europe and more accurate
