Labour Market - Unemployment

Economics SSS 2 Second Term

WEEK 1

Labour Market - Unemployment

Performance Objectives

Student should be able to:

1. Define unemployment

2. Identify the types of unemployment

3. List the causes of unemployment

4. Examine the effects of unemployment

5. List the solution to the problems of unemployment

6. Explain the concept of self-employment

Content

Meaning of unemployment

Unemployment occurs when a person who is actively searching for employment is unable to find work. Alternatively, Unemployment can be defined as a situation in which persons of working age, able and willing to work are unable to find paid employment. Unemployment is often used as a measure of the health of the economy. The most frequent measure of unemployment is the unemployment…