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Words: 1,890 | Submitted: Wed Jan 16 2008
... that there are two different ways of measuring the unemployment, which give two different results, already means possibility of confusion and misleading data. The Labour force survey method is simply conducting surveys to which the data collected specifically provides information about the labour force. This method of calculation has its advantages and disadvantages. The data collected through this survey can be used to compare unemployment in other countries. The major disadvantage of this method of calculation unemployment is that it is cost ineffective and is very time consuming when it comes to processing and publishing the data. There is also a chance that an error might occur which will render the data null and void. Fig.1 The claimant count method is taking into account the people claiming unemployment benefits like job seekers allowance (JSA) and national insurance credit. The people receiving JSA must declare that they are out of work, able and ...
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