Essays and Revision Notes on Unemployment
Definitions of Unemployment
- Unemployment Rate. This is the % of people in the labour force without a job but registered as being willing and available for work
- Labour Force Those people holding a job or registered as willing and able to work
Therefore this is the number employed plus number unemployed (but actively seeking work)
- Participation Rate The % of the population of working age declaring themselves to be in the
Labour Force. This will exclude groups such as
- long term disabled,
- Women bringing up children
- Students
The participation rate is a similar concept to that of 'economically active.
see also: definition of unemployment
Revision Notes on Unemployment
- Costs of Unemployment
- Measuring Unemployment
- Causes of Unemployment
- Policies to reduce unemployment
- Phillips Curve
- Natural Rate of Unemployment
Unemployment Essays
- Explain what is meant by Natural Rate of Unemployment?
- Inflation v Unemployment
- What Can Cause Natural Rate of Unemployment to Change over time?
- Should the Main Macro Economic Aim of the Government be Full Employment?
See also:
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