Understanding Employment (Cambridge (CIE) O Level Economics)
Revision Note
Employment Terminology
Key terms to understand are employment, labour force, unemployment, and full employment
Employment: refers to the economic use of labour as a factor of production
Unemployment: Someone is considered to be unemployed if they are not working but actively seeking work
Labour force: A country's population is divided into the labour force - and non labour force
The labour force consists of all workers actively working PLUS the unemployed (who are seeking work)
The non labour force includes all those not seeking work e.g. stay at home parents, pensioners, school children (these people are economically inactive)
Full employment: describes the ideal situation when everyone in the economy who is willing and able to work has a job
Changing Employment Patterns
Many economies are experiencing changing patterns of employment within their workforce and there are numerous reasons for this
Causes of Changing Employment Patterns
Structure of the Economy | Proportion of Women Employed | Formal and Informal Work |
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Proportion of Workers in the Public and Private Sector | Part-time and full-time | Work from home |
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