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4.7.3 Measurement of unemployment

Unit 4.7.3 - Measurement of unemploymentThis section of the Cambridge IGCSE Economics (0455) syllabus requires students to understand how unemployment is measured: (i) the claimant count, and (ii) the Labour Force Survey. Students also need to know the formula for the unemployment rate.Recall that unemployment occurs when individuals of employment age are willing, able, and available to work but are unable to find a...

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