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9708 · 4.5

Unemployment

**Unemployment** (4.5) connects to **AD–AS** (4.3) and **macro policy** (5.x). Cambridge essays often ask you to **identify the type**, **calculate the rate**, and **evaluate** policy effectiveness.

Need to know

What you need to know

  • The Labour Force Survey (LFS) is a survey-based measure using the ILO definition of unemployment.
  • The Claimant Count is an administrative measure of those claiming unemployment benefits.
  • The LFS is generally considered more accurate and allows for international comparisons.
  • The Claimant Count is cheaper to collect but can be affected by changes in government policy on benefits.

Explanation

Unemployment

  1. The Labour Force Survey (LFS) is a survey-based measure using the ILO definition of unemployment.
  2. The Claimant Count is an administrative measure of those claiming unemployment benefits.
  3. The LFS is generally considered more accurate and allows for international comparisons.
  4. The Claimant Count is cheaper to collect but can be affected by changes in government policy on benefits.
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