Unemployment and the Movement Away From Full-Time Work (HSC SSCE Economics): Flashcards

People want to work but cannot find a job

$\frac{\text{Unemployed}}{\text{Labour force}} \times 100$

Unemployment during economic downturns

Skills mismatch between workers and employer needs

12 months or more without work

Regular yearly patterns in certain industries

Natural unemployment as people move between jobs

Discouraged workers not counted in official statistics

Part-time/casual workers wanting more hours per week

Growth of casual jobs vs full-time permanent work