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Labour market basics

Labour market basics

Flowchart of the working-age population split into employed, unemployed and economically inactive, with labour force shown as employed plus unemployed The labour market is where workers supply labour and firms demand labour. Employment means paid work, while unemployment means being without a job, available for work, and actively seeking work.

2.3.2 Employment and unemployment Lesson

  1. A Level
  2. /Economics
  3. /2.3.2 Employment and unemployment