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Unemployment

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Unemployment (complete set of notes) - year twelve- higher school economics 2009

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8 Pages Partial Study Notes > 2 Years old
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Unemployment
Topics this document covers:
Technology Politics Law Labor Business Social Issues Inflation Unemployment Economics Macroeconomics Labor economics Labour economics Economic growth NAIRU Full employment Minimum wage Okun's law Underemployment
This is a Partial Set of Study Notes

Partial Study Notes typically cover only single topics of a unit of study or do not cover multiple topics in significant detail. They are generally less than 20 pages in length.

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Topics this document covers:
Technology Politics Law Labor Business Social Issues Inflation Unemployment Economics Macroeconomics Labor economics Labour economics Economic growth NAIRU Full employment Minimum wage Okun's law Underemployment
Sample Text:
• In Australia, U/E fell in the 2000’s which were the result of sustained decades of governments seeking to reduce U/E. • The GFC however, caused a rise in cyclical U/E. 8.2 Measuring the level of U/E • It is important to understand how the official U/E rate is calculated. Labour force Labour force Consists of those above the working age, who are employed or actively seeking employment. The labour force hence includes: • Persons aged above 15 and who work at least one hour a week of paid work. • Self employed people working for more than one hour per week. • U/E over the age of 15 who are actively seeking U/E. Those not included in the labour force: • People under 15, students, those who perform domestic duties, those over the working age and NOT actively seeking work and the retired. • Our workforce is 11.5 million. The la...
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