Unemployment Measures and Effects

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1
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What does the Claimant Count measure?

People officially claiming unemployment-related benefits.

2
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Who is counted as unemployed in the Labour Force Survey?

People without a job who are actively seeking work.

3
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How can unemployment affect an individual worker?

It reduces disposable income and purchasing power.

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Why can unemployment reduce firms' revenues?

Lower household incomes can reduce consumer demand.

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How can unemployment affect government finances?

It can lower tax revenue and raise welfare spending.