Measuring unemployment
- Created by: Jess
- Created on: 18-04-14 14:39
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Unemployment rate: the percentage of the labour force who are out of work
unployed X 100% / labour force
Unemployment is measured by:
- Labour Force Survey (LFS): a measure of unemployment based on a survey using the ILO definition of unemployment
- International Labour Organisation: a member organisation of the UN that collects statistics on labour market conditions and…
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