Measuring unemployment

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  • Created by: Jess
  • Created on: 18-04-14 14:39

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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