Monitoring Jobs and Inflation - Employment and unemployment
4 important questions on Monitoring Jobs and Inflation - Employment and unemployment
Why is unemployment a problem?
It results in: Lost in incomes, production and human capital
What are the three labour market indicators?
- The unemployment rate
- The employment rate
- The economic activity rate
What is the employment rate?
The percentage of people of working age who have a job.
Number of people employed / Working-age populated x 100
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The natural unemployment is influenced by many factors which ones?
- The age distribution
- The scale of structural change
- The real wage rate
- Unemployment benefits
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