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 and students
The participation rate is a similar concept to that of ‘economically active’.
See also: definition of unemployment
UK Unemployment stats
Revision notes on unemployment
- Costs of Unemployment
- Measuring Unemployment
- Causes of Unemployment
- Policies to reduce unemployment
- Phillips Curve
- Natural Rate of Unemployment
Causes of unemployment
Unemployment Essays
Why is Eurozone unemployment higher than UK/US?
Trade off between unemployment and inflation
Is there a trade-off between unemployment and inflation?
Natural Rate of unemployment
Types of unemployment
Costs of unemployment
See also: