Unit 2 - The UK economy - performance and policies
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PEARSON (PEARSON)
Aesthetic summary sheet for theme 2.1.3 economics (option A, employment and unemployment), great to hang up on wall and consolidate knowledge with, provides key notes for each sub-theme. I used for mock exams and it was so helpful in helping me apply knowledge and analyse which is a huge part of th...
Unit 2 - The UK economy - performance and policies
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Economics theme 2.1.3
Significance of Changes in E
Employment & Unemployment - Employment Rate: Mea
employment. A rising emp
- Unemployment Rate: M
seeking work. A high unem
Distinction between - Inactivity Rate: Measure
Measures of Unemployment
Unemployment and
not in the labor force. It ca
Underemployment:
1. Claimant count factors.
- The claimant count is a measure of unemployment based Unemployment refers to
on the number of people who are claiming individuals who are not
unemployment-related benefits, such as Jobseeker's currently employed but are Causes of Unemployment:
Allowance. actively seeking and available
- It provides a narrow definition of unemployment, as it for work. Structural Unemploymen
only includes those actively seeking and receiving
the workforce and the requir
government benefits.
Frictional Unemploymen
2. International Labour Organisation (ILO) and the Underemployment occurs between jobs or entering the
UK Labour Force Survey when individuals are Seasonal Unemployment
- The ILO defines unemployment as individuals of working employed but their job does agriculture.
age who are without work, actively seeking work, and not fully utilize their skills and Demand Deficiency (Cycl
available for work qualifications. This can result demand during economic do
- It provides a broader and more comprehensive picture of in part-time work, low wages, Real Wage Inflexibility: W
unemployment, including those not eligible for benefits. or jobs below their skill level. unwillingness to hire.
Significance of Migration and Effects of
Skills for Employment and
Unemployment: Cons
spend
- Migration can impact
Firm
employment by changing
poten
the supply of labor in Work
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