ECO 1102 Lecture Notes - Lecture 9: Labour Force Survey, Unemployment Benefits

• School: University of Ottawa
• Department: Economics
• Course: ECO 1102
• Professor: Najib Khan

Document Summary

Unemployment and its natural rate divided into two categories: How is unemployment measured? da (sc) conducts the labour force survey (lfs). Lf = # of employed + # of unemployed vey is either: Rate = # of unemployed/lf x100 is unemployed. Labor force participation rate: he percentage of the adult population that is in the labor force. Does the unemployment rate measure what we want it to? amount of unemployment. themselves unemployed in order to receive u(cid:374)e(cid:373)ployed (cid:271)ut are worki(cid:374)g (cid:862)u(cid:374)der the ta(cid:271)le. (cid:863) How long are the unemployed without work? he ooking for a job. Third of those suffering through a spell of unemployment are unemployed for a. Fifths are unemployed for less than three months. suffering prolonged spells of unemployment. Why are there always some people unemployed? hout jobs, even when the overall economy is doing well. long run. Run employment progra(cid:373) that partially prote(cid:272)ts workers" i(cid:374)(cid:272)o(cid:373)es whe(cid:374) behaviour in ways that will increase the unemployment rate.