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What should you state first when describing an unemployment trend?
A
Whether unemployment is rising, falling or steady across the whole period.
B
It may show a short-term movement, so a year-earlier comparison gives stronger context.
C
A Claimant Count level and a survey unemployment rate measure different things.
D
It rises in downturns and falls in recoveries, around a level set by longer-term factors.
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3.2.4 Analyse unemployment figures Flashcards
28 flashcards on OCR GCSE Economics 3.2.4 Analyse unemployment figures: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.