2.1.3 Employment and unemployment

• What is the difference between employment and unemployment?


  Employment: Working and being paid for it. Unemployment: Not working and actively seeking work.
• what is the claiment count?

  refers to the number of people who are claiming unemployment benefits.
• what is the advantage and disadvantages of claimant count ?


  Advantages: instant availability and easy to understand Disadvantages: Does not account for all unemployed individuals (e.g. those not eligible for benefits, underemployed).
• What is the ILO?


  (International Labour Organization)defines someone unemployed who is without work available for work-willing and able to work, actively seeking work- taken steps in the past
• why is migration good?


  can boost labour force, filling gaps in sectors facing skill shortages/ labour shortages. Which leads to increase in competition for jobs
• What is structural unemployment ?


  longer term unemployment due to the difficulty of transfer of workers
• What is frictional unemployment?


  workers transferring between jobs
• What is seasonal unemployment?


  demand of labour varies because of the seasonal effects such as tourists experience quite periods in the winter
• What is demand deficiency and cyclical unemployment?


  when unemployment arises during a recession
• What is real wage inflexibility?


  real wage unemployments what the real wages are stuck at at a level nice that is needed to reduce unemployment any further
• Why is skills important for employment ?


  individuals with higher skills are more likely to be employed in skilled labour like healthcare. They can adapt more easily to changing market demands increasing job security.
• What can a mismatch in skilled workers in jobs mean?


  lead to higher structural unemployment Governed and firms invest in training to reduce this and lower unemployment in the long run