The Labour Force (HSC SSCE Community and Family Studies): Flashcards
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What is the definition of the labour force?
What is the definition of the labour force?
All individuals eligible and available for work.
Who is considered employed?
Who is considered employed?
People who have a job with pay.
What defines an unemployed person?
What defines an unemployed person?
People wanting work but have no job.
What is part-time employment?
What is part-time employment?
Jobs with less than 35 hours a week.
What is full-time employment?
What is full-time employment?
Jobs with 35 or more hours a week.
How is the participation rate calculated?
How is the participation rate calculated?
[(Employed + Unemployed) / Total] x 100.
What does the participation rate indicate?
What does the participation rate indicate?
It shows economic health and job planning.
When do most people start working?
When do most people start working?
Most start work after school.
What job trends are currently observed?
What job trends are currently observed?
Technology jobs are increasing; manufacturing is decreasing.
How does age affect labour force participation?
How does age affect labour force participation?
Participation peaks in 30s-50s, declines near retirement.