Unemployment is determined as the unemployment rate. The ABS conduct 30,000 phone
calls to houses and flats. Then the results are put into categories -Cyclical Unemployment -Structural Unemployment -Seasonal Unemployment -Hidden Unemployment -Hard Core Unemployment -Frictional Unemployment You're unemployed if -You're 15 years and older during the time of the survey. -Actively seeking work. -Waiting to start work in 4 weeks, or waiting to be called back after being stood down. Finally the unemployment rate is CALCULATED using this formula; Unemployment rate = No. unemplyed / Labour force X 100 this says, number of people that are unemployed divided by the total labour force multiplied by 100. |
