Employment and Unemployment SAQ

A situation where everyone who wants a job can find one at existing wage levels, typically at an unemployment rate of 4%.

The condition of being engaged in work in return for payment.

The state of not working but being available for and actively seeking work.

<p>All those who are employed.</p> Signup and view all the answers

<p>All those available for work and actively seeking work, including those currently employed and unemployed.</p> Signup and view all the answers

<p>It is the proportion of the labour force that is currently unemployed.</p> Signup and view all the answers

<p>When a worker’s skills or time are not being utilized to their full potential.</p> Signup and view all the answers

<p>A measure of all those receiving unemployment-related social welfare payments.</p> Signup and view all the answers

<p>It includes part-time workers, individuals in the hidden economy, and those who might not be actively seeking work.</p> Signup and view all the answers

<p>Reduced consumption expenditure and less investment due to lower aggregate demand.</p> Signup and view all the answers

<p>Increases social welfare costs and decreases government revenue from taxes, potentially increasing the budget deficit.</p> Signup and view all the answers

<p>High unemployment can lead to increased emigration as individuals seek job opportunities abroad.</p> Signup and view all the answers

<p>The Labour Force Survey (LFS).</p> Signup and view all the answers

<p>It provides a larger sample size and more detailed information, despite a time lag in publication.</p> Signup and view all the answers

<p>Unemployment resulting from a mismatch between the skills of the unemployed and the available jobs.</p> Signup and view all the answers

<p>Unemployment that occurs when individuals are between jobs or entering the labour force for the first time.</p> Signup and view all the answers

<p>Unemployment that occurs when individuals work in industries with seasonal demand, such as tourism.</p> Signup and view all the answers

<p>A reduction in demand for goods and services associated with economic downturns</p> Signup and view all the answers

<p>By cutting VAT on certain goods/services, providing subsidies to employers, offering retraining opportunities, promoting tourism and exports, and reducing business costs.</p> Signup and view all the answers

<p>A program providing grants up to €10,000 for employers hiring workers who had been on the Live Register.</p> Signup and view all the answers

<p>They can reduce business investment and hiring, leading to higher unemployment.</p> Signup and view all the answers

<p>It can lead to job losses in the country they relocate from.</p> Signup and view all the answers

<p>It increases labor costs, which can discourage hiring and lead to higher unemployment.</p> Signup and view all the answers

<p>It caused a significant increase in cyclical unemployment due to the economic downturn.</p> Signup and view all the answers

<p>They might not be actively seeking work, even though they are receiving unemployment-related social welfare payments.</p> Signup and view all the answers