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

2464 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

What is comparative advantage?


Discuss the effects of an introduction of a minimum wage on the labour market.


What is the Price Elasticity of Demand?


Explain how petrol and diesel cars may be a source of market failure?


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