Full Employment
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| Goal of full employment | show 🗑
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| show | is when those aged 15 years old and who are actively looking for work cannot find a job.
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| labour force | show 🗑
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| Structural unemployment | show 🗑
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| seasonal unemployment | show 🗑
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| frictional unemployment | show 🗑
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| hardcore unemployment | show 🗑
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| hidden employment | show 🗑
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| underemployment | show 🗑
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| show | A loss of jobs due to lack of demand and a downturn in the economic cycle, occurs when the overall participation rate in Aust. is above 4.5%. The government tries to minimise this type of unemployment in their quest to achieve the goal of full employment.
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| show | the percentage of a given group of individuals of working age who are prepared to work and seek employment.
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| show | is the extent to which the labour force is not working to its capacity. It is calculated by adding the unemployment rate with the underemployment rate.
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| natural unemployment | show 🗑
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sarah5930
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