Summary
Summary AQA Economics A-level: Unemployment Notes
- Institution
- AQA
This is a set of Unemployment summary notes for the AQA A-Level Macroeconomic Course
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Unemployment, Unemployment *
Labour is Derived
Demand from AD
Key Terms:
16 -
64
-
Unemployed:Those ↳
⑧
who
of working use we
willing and
able to work, butdon'thave a
job.
Economically Inactive:People not
activly looking for jobs.
↳ Covers for
E.g
Elderly, Childer, old people.
Economically Active:People who are
of Working age,
Active:EMPLOYED
Willing and able to work, who
t
ONEMPLOYED
are
in work, or activly Seely work.
Under -
Employed:People who are
working' but job doesnt
↳ Engineer waking fully utilise this skills / doesntprovide
us barista Sufficiat hours / pay to meet thir
0
->
hour Contracts demands.
GON OBJECTIVE:Full Employment Enough
- Job Vacancies for allemployed
take
to Work
Mass Unemployment =
10% of
Labor Force is out
of work
↳ 2020: South Africa 30%
Nigeria 22"
·
long -
Term Unemployment People
=
out
I
work
for leastI
at
year
↳
Longer out
of Harder
work:
getjob
to
, Hidden Employed People
=
who have stopped looking for job
·
'Give up failed attempts of
trying to sat
after many
-
Chronic Ilness job.
-
Carers'
Self employment -o 0 how Contracts
UnemploymentRate = Proportion of economically activ population
- ->
South
->
Africa
Nigain=22%.
30%
=
(Can be
Withought
compaal
jub
otter
with cantries)
How is UnemploymentMeasured?
Most common
->
① Labour Force Survey (LFS)
-Survey conducted by S
LFS Measures -
· Employed
-
Unempluse
·
Emin Active
UnemploymentRate med = X 100
Active
Economicaly
② Claimant Count
·
Counts number
y people claiming unemployment
related benefits.
E.g
↳
5SA
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