Index
The Labour Force - 1
Birth And Death Rates - 2
Migration And Age Distribution - 3
Other Factors Effecting The Labour Force - 4
Attitudes To Work And Leisure- 5
Australia's Population - Statistical Analysis - 6
Population Centres In Australia - 7
Trends In Employment - 8
The Supply And Demand For Labour - 9
Geographical Mobility And Taxation - 10
The Unemployment Rate - 11
Defining ''Employment'' - 12
The Labour Force Reviewed - 13
The Hidden Unemployed - 14
Changes In Employment And Unemployment - 15
Economic Growth And Employment - 16
The Demand For Labour - 17
The Impact Of The Global Economy - 18
Legal Requirements - 19
The ''Casualisation'' Of The Labour Force - 20
Types of Unemployment - 21
Types of Unemployment (continued) - 22
The Labour Force Participation Rate - 23
The LFPR (continued) - 24
The Effects Of Unemployment - 25
Income Inequality - 26
The Distribution Of Household Income - 27
Income Distribution In Australia - 28
Income Distribution (continued) - 29
Income Distribution (continued) - 30
Changes In The Workforce - 31
Net Overseas Migration - 32
Sources Of Migrant Intake - 33
Changes In The Workforce (continued) - 34
Youth Unemployment - 35
''Mature'' Unemployment - 36
Supply Side Economics - 37
Revision Exercise - 1 - 38
Revision Exercise - 2 - 39

The Labour Force - 1

All economies want to create employment for their citizens. A productive labour force creates the goods and services needed by a vibrant economy. Before we can discuss the issue of unemployment, we must define a number of key terms.

We can divide the population of a nation into one of four categories.

A represents all those people aged between fifteen years old and under 65 years old, who are currently employed and working at least one hour per week.

B represents all those people aged between fifteen years old and under 65 years old, who are currently unemployed, but are looking for some form of employment.

C represents all those people aged between fifteen years old and under 65 years old, who are not employed and who are not looking for some form of employment.

D represents all those people aged under fifteen years and over 65 years, and other people excluded from A, B, and C for other reasons.

Clearly, the population of the nation is A + B + C + D.

The labour force are those people over fifteen years and less than sixty five years, who are either employed, or actively looking for employment.

That is, the labour force is defined as A + B