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The macroeconomy · 7 of 12

Measuring unemployment

Say who counts as unemployed and who does not

Key terms
Unemployed
An unemployed person is someone without a job who is currently available to work and has actively looked for work in the previous four weeks.
Economically inactive
An economically inactive person is out of paid work and either has not looked for a job in the past four weeks or cannot start within two weeks.

Kinds of hidden unemployment

Can you name two kinds of hidden unemployment?

People who lack the work they want but are not counted as unemployed.