unemployment

Question 1

what is the labour force?

Answer 1

the labour force is the people who are willing and able to work - it includes those who are working and those looking for work

Question 2

what are the two ways of defining unemployment?

Answer 2

the two ways of defining unemployment is the level of unemployment and the rate of unemployment

Question 3

what is the level of unemployment defined as?

Answer 3

the level of unemployment is the number of people who are looking for a job but cannot find one

Question 4

what is the rate of unemployment?

Answer 4

the rate of unemployment is number of people out of work as a percentage (%) of the labour force

Question 5

when is the rate of unemployment used?

Answer 5

the rate of unemployment is used when making comparisons between countries, as different countries have different population sizes

Question 6

what are the two ways of measuring unemployment?

Answer 6

the two ways of measuring unemployment are the claimant count and the labour force survey

Question 7

what is the claimant count?

Answer 7

the claimant count is the number of people claiming unemployment-related benefits from the government, which is known as the Jobseeker’s Allowance (JSA)

Question 8

what is the unemployment-related benefits used to for the claimant count

Answer 8

the unemployment-related benefit is known as the Jobseeker’s allowance (JSA)

Question 9

what are the advantages of using the claimant count?

Answer 9

the advantages of using the claimant count:

• it is easy to obtain and there is no cost in collecting the data
• it is updated weekly, so it is current

Question 10

what are the disadvantages of the claimant count?

Answer 10

the disadvantages of the claimant count:

• it can be manipulated by the government to make it seem smaller
• it excludes those who are looking for work but are not eligible or choose not to claim JSA

Question 11

what is the labour force survey?

Answer 11

the labour force survey is

Question 12

how is data obtained for the labour force survey?

Answer 12

the labour force survey

Question 13

what are the advantages of the labour force survey?

Answer 13

the advantages of the labour force survey:

Question 14

what are the disadvantages of the labour force survey?

Answer 14

the disadvantages of the labour force survey:

Question 15

what are the types of unemployment?

Answer 15

the types of unemployment are:

- cyclical unemployment

Question 16

what is cyclical unemployment also known as?

Answer 16

cyclical unemployment is also known as demand-deficient unemployment

Question 17

what is cyclical unemployment?

Answer 17

cyclical unemployment is unemployment caused by a shortage of demand in an economy

Question 18

when in the economic cycle does cyclical unemployment occur?

Answer 18

cyclical unemployment usually occurs during a recession