Study

Employment/unemployment

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  • unemployment arising because of changes in the pattern of economic activity with an economy
    structural unemployment
  • when an individual is employed in a second-choice occupation or is only able to work part-time but would like to work full-time
    underemployment
  • people who have been unable to find employment and who are no longer looking for work
    discouraged workers
  • a situation where people who are economically active in the workforce and are willing and able to work (at going wage rates) are able to find employment
    full employment
  • unemployment that arises in seasons of the year when demand is relatively low
    seasonal unemployment
  • those people of working age who are not looking for work, for a variety of reasons
    economically inactive
  • unemployment that arises during the downturn of the economic cycle, such as a recession
    cyclical unemployment
  • unemployment that arises because of a deficiency of aggregate demand in the economy, so that the equilibrium level of output is below full employment
    demand-deficient unemployment
  • situation arising when an individual who would like to accept a job at the going wage rate is unable to find employment
    involuntary unemployment
  • situation arising when an individual chooses not to accept a job at the going wage rate
    voluntary unemployment
  • people who are economically active - either in employment or unemployed
    workforce
  • people who are either working for firms or other organisations, or self-employed
    in employment
  • the number of people claiming the Job-seeker's Allowance each month
    claimant count of unemployment
  • unemployment associated with job search (i.e. people who are between jobs)
    frictional unemployment
  • a measure of the percentage of the workforce who are without jobs, but are available for work, willing to work and looking for work
    ILO unemployment rate
  • people who are economically active but are not in employment
    unemployed