
Achieving low or falling unemployment is a key economic objective of the government. Understanding unemployment in terms of how it is defined and measured, what causes it, how it can be reduced and why it presents problems are common themes in all A-level economics courses. However, this article will focus on the measurement and data relating to its significance as an economic variable and how supporting data are also important when considering unemployment figures.
The standard definition of unemployment includes those who are of working age, out of work, looking for work and able to start but unable to find a job at the current wage rate.
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