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c
a
c
` as defined by the International Labour Organization, occurs
when people are without jobs and they have actively looked
for work within the past four weeks.
c
` is a measure of the prevalence of unemployment
` it is calculated as a percentage by dividing the number of unemployed
individuals by all individuals currently in the labour force
cnemployed workers
cnemployment rate =
Total labour force
Vhat is
c
anyway?
` refers to the condition of unwanted job losses
` willing workers without jobs
but͙
not everyone who͛s out of work is seen as unemployed
ample:
m person with a large fortune not looking a job is not counted in
the unemployed population in that he is not willing to work in
the first place, though he͛s officially out of work.
c
` Úrictional unemployment
` Structural unemployment
` Seasonal unemployment
demanded.
c
` unemployment caused by seasonal changes in
of unemployment.
c
c
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