What is Unemployment?

Unemployment is the number of people that do not have a job, but have been actively searching for a job for at least 4 weeks. The unemployment rate can be calculated by dividing the number of people unemployed, by the entire Labour Force, which is the sum of employed and unemployed people within a given population.

Answered by Sonam S. Economics tutor

2495 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

Do subsidies to producers always correct market failure? As an essay style question.


How do you know whether the demand for a good is price elastic or price inelastic?


Define the term public good and give me two examples of public goods.


How can taxes reduce the effect of negative externalities?


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences