a) Unemployment
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10 Terms
define unemployment
the state of not working yet actively seeking work
define underemployment
the state of working either
less hours than desired
a job that requires lower skills than the worker possesses
state the formula for the (un)employment rate
( number of (un)employed people / labour force ) × 100
state what the unemployment rate does not include
inactivity
define inactivity
the state of being willing and able to work, yet not seeking employment
state the formula for the inactivity rate
( number of inactive people / working age population ) × 100
define labour force
unemployed + employed
define non-labour force
people unwilling and unable work
state the formula for the labour force participation rate
( labour force / working age population ) × 100
state the effects of unemployment on society
increased crime rate
anti-social behaviour/mental instability
family breakdown
homelessness
