Unemployment

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  • Created by: Lottie
  • Created on: 01-05-12 06:25

MEASURING UNEMPLOYMENT

THE CLAIMANT COUNT

  • unemployed- those registered as able,available and willing to work at the going wage rate in any suitable job
  • unemployment is a flow concept
  • UK had been using claimant count to measure this sinc 1971
  • this is the annual average rate of unemployed that seek job seekers allowance

THE LABOUR FORCE SURVEY

  • based on internationl labour ordganisation definition of unemployment
  • covers those who have looked for work in the past 4 weeks and are able to start work in the next 2 weeks

SEASONAL ADJUSTMENT

  • ADJUSTMENT MADE TO Economic data soley to the period of time at which the data was collected
  •  e.g at…

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