Unemployment and employment

Cards (6)

What is the unemployment equation
Unemployed/active labour force x 100
What is the employment rate equation
Employed/ population aged 16-64
Active labour force equation
Employed + unemployed
Unemployed definition 
people who are over
16, without a job, who
have actively sought
work in the last 4
weeks, and who are
available to work in
the next 2 weeks
Employed definition
people over
the age of 16 who did more
than 1 hour of paid work a
week
Inactive definition
people not
in employment who
have not sought
employment in the last
4 weeks and/or are
not available to start
work in the next 2
weeks