Unemployment Flashcards
1
Q
Definition
A
People who do not have a job but are actively seeking work
2
Q
Claimant count
A
The number of people currently signing on to claim jobseeker allowance
3
Q
Labour force survey
A
Survey of 60,000 households identifying the number of people out of work, currently searching and willing to start in the next two weeks.
4
Q
Underemployment
A
People who are employed but do not work the hours they would like.
5
Q
Economically inactive
A
People who are not working but are not seeking for work
6
Q
Cost of unemployment
A
Loss of skills
Stress,low self esteem and mental health
Crime,drug abuse and social problems
Lower business/consumer confidence
Lower demand and profit for business
