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This week, we are learning about Unemployment in Australia. You’ll explore what it means, different types of unemployment, and why it’s an important economic issue.

🎯 Learning Goals:

Define unemployment and identify types

Explain the causes of unemployment

Understand how unemployment is measured in Australia

🔁 Complete all sections before our in-class activity.

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Unemployment: Its Measurement and Types | Explainer | Education

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This series provides short, concise explanations for various economics topics.

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📌 Definition: When workers' skills don’t match available jobs due to technological changes or industry decline.

💡 Example: A coal miner loses their job because of the transition to renewable energy.

❓What’s a job you think might be at risk in the future?

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Definition: Unemployment resulting from economic downturns or recessions, where demand for goods and services decreases, leading to job losses.

Example: During the COVID-19 pandemic, many businesses reduced operations or closed, leading to widespread job losses across various sectors

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Definition: Unemployment arising from a mismatch between workers' skills and the requirements of available jobs, often due to technological changes or shifts in the economy.

Example: A factory worker loses their job because the manufacturing process has become automated, and they lack the skills needed for the new technology-driven roles.​

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Definition: Unemployment that occurs at certain times of the year when demand for labor in specific industries decreases.

Example: A ski instructor is unemployed during the summer months when there is no demand for skiing lessons

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Definition: Short-term unemployment that occurs when individuals are transitioning between jobs or entering the workforce for the first time.

Example: A recent university graduate is actively seeking their first job after completing their studies

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Definition: Individuals who are not actively seeking employment or are underemployed but would work if suitable job opportunities were available.

Example: A person has stopped looking for work after months of unsuccessful job applications but would accept a job if offered one

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Section 4: Types of Unemployment and the Definition and Significance of Full Employment | Inflate Your Mind

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📊 Australian Bureau of Statistics (ABS) – Labour Force Data

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📊 Australian Bureau of Statistics (ABS) – Labour Force Data

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🔗 Link to ABS Labour Force data

https://www.abs.gov.au/statistics/labour/employment-and-unemployment/labour-force-australia/latest-release

Your task:

Click the link and find the current unemployment rate.

Is unemployment rising or falling?

Which age group has the highest unemployment?

Post one interesting fact in the comments.

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Headline estimates of employment, unemployment, underemployment, participation and hours worked from the monthly Labour Force Survey

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In your opinion, which type of unemployment is the most concerning for Australia right now? Why?

✅ Respond with 2–3 sentences.

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3 Quick Questions:

What are the 5 types of unemployment?

Name one current cause of unemployment in Australia.

What’s one fact you found interesting from the ABS data?