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15 cards from this deck
Working age people actively seeking work but unable to find employment
All labour efficiently used; only frictional/structural unemploy.
Total employed or actively seeking work
Lack of demand in economy, typically during recession
Skills mismatch between workforce and employer needs
Short-term from matching workers with jobs; people moving between jobs
Lower labour demand at certain times of year (tourism, agriculture)
Equilibrium unemployment; includes frictional & structural only
Employed but not in desired capacity (hours or skills)
No job, seeking work (past 4 wks), available to start (next 2 wks)
About 40,000 households
People claiming unemployment benefits (JSA/Universal Credit)
LFS quarterly; Claimant Count monthly
Lower income, reduced spending, increased poverty & inequality
Higher output, better living standards, more tax revenue
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