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Unemployment Report Unemployment is defined as people who are registered as able, available and willing to work at the going wage rate in a suitable job but who cannot find paid employment despite being actively involved in search for work. Unemployment falls when people leave the jobless register (they either find work or leave the labor market) than sign on each week1. Unemployment is measured either according to the claimant count or the Labor Force Survey. The former counts only those people who are eligible to claim the Job Seeker's Allowance and the later is based on the International Labor Organization definition of unemployment. It covers those who have looked for work in the past four weeks and are able to start work in the next two weeks. Keynesian Unemployment (Demand Deficient): Keynesian unemployment refers to, when AD falls and wages and prices do not adjust immediately to restore full employment. This...

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