term1 Definition1term2 Definition2term3 Definition3
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Def of unemployement
Is the total number of people who are within the working age actively looking for a job but cannot find one
Def Working age
Between the ages of 18-64
What’s participation rate
Is the proportion of who are economically active and form the labour force
What’s labour face
Is the total amount of people who are able to work in a country of an area
Factors affecting labour participation rate
1) water paid. High wages attract people to work and increase participation rate
2) school learning, such as high education
3) cost of childcare and elderly care
4)social attitude towards women and disabled
Factors affecting size of labour forse
1) immigration and emigration. People coming within the country to look for jobs
2) population. A high birth rate will increase te labour force
3) retirement age. An early retirement age will reduce the size of labour force
4) state of an economy. In a developed country, the size of labour force will be high
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