Unit 3.3(2): Macroeconomic objectives: unemployment
This page covers the nature of unemployment, measuring unemployment, the causes of unemployment, and its consequences. Unemployment is the count of jobless people in a country seeking work but not having a job. Unemployment can be expressed as a total number or as a percentage of the labour force (unemployment rate). The unemployment rate is calculated as: Number of unemployed/working population x 100 = unemployment...