Labour
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
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| Wages | the return to labour.
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| Labour Force | all people who are working and all those who are available for work at the present wage rate.
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| The participation rate | the percentage of the population in the labour force.
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| geographical mobility of labour | the willingness of labour to move from one region to another to take up employment
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| occupational mobility of labour | the ability of labour to change from one form of employment to another form of employment.
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| Frictional unemployment | people unemployed between jobs when one industry is declining while another is starting up.
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| Seasonal unemployment | lack of demand at particular times of the year leads to short-term lay offs.
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| Structural unemployment | industries that were major employers have gone into decline –> no demand for the skills of the old employees.
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| Institutional unemployment | arises when there are obstacles to the mobility of labour, or when the incentives to work are decreased.
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| Disguised unemployment | people who do not register on the live register but who are available for work.
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| Underemployment | 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 | associated with a general fall in the level of demand during a decline a recession (decline in trade cycle).
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| Quarterly National Household Survey | a survey which sets out to establish the number of people who are not working but actively seeking employment.
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| Live Register | a list of all those people under 65 who sign a register to collect Jobseeker’s benefit or Jobseeker’s allowance.
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Created by:
Ms D'Rosario
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