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Labour

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Term
Definition
show the return to labour.  
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Labour Force   show
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The participation rate   show
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show the willingness of labour to move from one region to another to take up employment  
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occupational mobility of labour   show
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Frictional unemployment   show
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Seasonal unemployment   show
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show industries that were major employers have gone into decline –> no demand for the skills of the old employees.  
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show arises when there are obstacles to the mobility of labour, or when the incentives to work are decreased.  
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Disguised unemployment   show
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show this is where someone is employed just to give that person an income, but he or she does not add to the total output of the firm (for example, a son employed in the family firm).  
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Cyclical unemployment   show
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Quarterly National Household Survey   show
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Live Register   show
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Created by: Ms D'Rosario
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