Unemployment

Question 1

Define :

Answer 1

Those who are registered as able, available and willing to work, but cannot find work despite and active search.

Question 2

Measures

Answer 2

Labour force survey - Given to households - World country comparison, sampling errors.
Clairmount count - Amount receiving benefits - Cheaper, doesn’t include all unemployed.

Question 3

Cyclical Unemployment

Answer 3

Demand deficient - Less demand for firms products, labour isn’t required. Loss in growth of economy.

Question 4

Structural Unemployment

Answer 4

Immobility of labour
Occupational - Loss of skills from the changing of industry
Geographical - Don’t move to find work

Question 5

Frictional Unemployment

Answer 5

Time taken from leaving a job to finding another.

Question 6

Seasonal Unemployment

Answer 6

Where workers have work dependent on the season.

Question 7

Casual Unemployment

Answer 7

Contracts, renewing one or acquiring a new one