Unemployment (Internal) Flashcards
1
Q
Employment
A
Workers who are paid in work.
2
Q
Working-age population
A
The civilian, non-institutionalised, usually resident New
Zealand population aged 15 years and over.
3
Q
Labour force
A
Includes employed and unemployed.
4
Q
Unemployed
A
No paid job, working-age, available for work, and looking for a job in the 4 weeks (actively seeking work).
5
Q
Underemployed
A
Working part-time (less than 30 hours a week), would like more hours and are available.
6
Q
Unavailable jobseekers
A
Actively seeking work, unavailable for the next 4 weeks.
7
Q
Available potential seekers
A
Not actively seeking work but would like a paid job and available now.
8
Q
Recessionary gap
A
The current level of output in a country (Q1) that is below the level ht country is capable of producing, this is the recessionary gap.
