Economics A Level (DONEEEEEEE): Define Unemployment in Economic Terms [Level and Rate]

Question

Define Unemployment in Economic Terms [Level and Rate]

eric_galvao · Accepted Answer

-Level of Unemployment is the Number of People who are Looking for a Job, but can't find one
-Rate of Unemployment is the Number of People out of Work as a % of the Labour Force [All the People who are Willing and Able to Work - Includes those Working, and those Looking for work]

Economics A Level (DONEEEEEEE)

Define Unemployment in Economic Terms [Level and Rate]

-Level of Unemployment is the Number of People who are Looking for a Job, but can't find one -Rate of Unemployment is the Number of People out of Work as a % of the Labour Force [All the People who are Willing and Able to Work - Includes those Working, and those Looking for work]

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