What is Unemployment?

Unemployment is the number of people that do not have a job, but have been actively searching for a job for at least 4 weeks. The unemployment rate can be calculated by dividing the number of people unemployed, by the entire Labour Force, which is the sum of employed and unemployed people within a given population.

SS
Answered by Sonam S. Economics tutor

2588 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

What is the best way to revise for Transport Economics?


What would happen to the price and quantity of a good if the government imposed a subsidy?


What would be the effect on the UK Economy of an increase in the Bank of England Base Rate?


What are the trade-offs with other macroeconomic policy objectives of a fall in the unemployment rate?


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences