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Explain the difference between unemployment and economic inactivity.

      

Explain the difference between unemployment and economic inactivity.

  

Answers


marlyne
Unemployment is when a respondent to the Labour Force Survey (LFS) classifies themselves as “Out of work but currently and actively seeking to work”.
The LFS further states that a person is unemployed if they:
• are without a job, have actively sought work in the last four weeks and are able to start work within the next two weeks; or
• are out of work, have found a job and are waiting to start it in the next two weeks.
Hence the key issue in being classified as unemployed is a person’s level of job-seeking activity. Economic inactivity exists when a person is without any form of employment and is making no serious efforts at finding a job. Hence the economically inactive are not part of the work force, whereas the unemployed are.
The main causes of economic inactivity are:
• not available for work because of family responsibilities, usually care of young children
• not available for work because of long-term health problems
• not available for work because of early retirement
• not available for work because in full-time education
marlinbito answered the question on July 5, 2018 at 13:24


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