GWC N5 Economics Unemployment

The level of unemployment is

• a % of those without a job
• the number of people willing and able to work but who can't find a job
• the working population

The rate of unemployment is

• the level of unemployment expresses as a % of the working population
• the number of people willing and able to work but who can't find a job
• the working population

This measure of unemployment adds up those claiming Job Seekers Allowance.

• the labour force survey

• the claimant count

What are all the disadvantages of using the claimant count?

• some unemployed choose not to claim

• it will give a nationwide result

• not all unemployed are eligible to claim benefits

This happens when there is a decline in demand in an industry. This could be because of foreign competition.

• cyclical
• seasonal
• structural
• regional

This unemployment happens because people are moving between jobs.

• frictional

• seasonal

• structural

• regional

This happens because some industries such as retail and agriculture only need a lot of workers at certain times of the year.

• cyclical
• seasonal
• structural
• regional

This is linked to structural unemployment and occurs because labour is substituted for machinery.

• cyclical
• technological
• classical
• regional

This occurs when wages are sticky above market clearing level/equilibrium.

• real wage (classical)
• technological
• structural
• cyclical

This is often caused by a particular industry located in a particular area, facing long-term decline in demand for its products, because they are obsolete or cannot compete with foreign products.

• regional
• technological
• real wage (classical)
• cyclical