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3.2 Low unemployment
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What low unemployment means

What low unemployment means

Flowchart showing working-age people split into labour force and economically inactive, with labour force split into employed and unemployed

Low unemployment means most people who are willing and able to work can find jobs. Governments want it because more people earn incomes, produce output, and pay taxes.

3.2 Low unemployment Lesson

  1. GCSE
  2. /Economics
  3. /3.2 Low unemployment

Step-by-step lessons on OCR GCSE Economics 3.2 Low unemployment, covering 3.2.1 Employment and unemployment, 3.2.2 Measuring unemployment, 3.2.3 Calculate the unemployment rate, 3.2.4 Analyse unemployment figures, 3.2.5 Types of unemployment, and 3.2.6 Causes and consequences of unemployment. Each one builds up to exam-style questions. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.

Lessons