How Do We Measure Unemployment? The Truth Behind the Data

How is unemployment really measured, and what do the numbers actually tell us? In this video, Geoff Riley, Co-Founder of Tutor2u, unpacks the key ways unemployment is measured in the UK—and why the data isn’t always as clear-cut as it seems!

We’ll cover:
✅ The Labour Force Survey (LFS) and how it defines unemployment
✅ The Claimant Count—who is included, and why it differs from the LFS
✅ Hidden unemployment—who is left out of official statistics?
✅ The gig economy, zero-hours contracts, and underemployment—why some "employed" people still struggle
✅ Key flaws in unemployment measurement, from sampling errors to misclassification

Understanding how unemployment is measured is essential for Economics students, especially when studying macroeconomic performance, labour markets, and government policy.

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