Y12 Macroeconomics Notes

Unemployment | Notes

27 Nov 2025 • 1 min read

The number of people who are willing and able to work, but cannot find a job.

Labour Force Survey
1. a quarterly survey asking 60,000 households about their employment status
Claimant Count
1. a count of those who are claiming unemployment benefits

When workers lose their jobs due to a lack of demand during a particular season e.g. tourism

When workers are moving between jobs.

When there is lack of demand for the workers in one particular industry.

For example, UK steel industry (it is cheaper to import steel from China).

Workers need to re-train and work in another industry.

When there is a lack of aggregate demand in the economy, causing a lack of demand for workers across the economy.

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