Syllabus Edition
First teaching 2018
Last exams 2026
Understanding Employment (Cambridge (CIE) IGCSE Economics): Revision Note
Exam code: 0455 & 0987
Employment Terminology
- Key terms to understand are employment, labour force, unemployment, and full employment 
- Employment: refers to the economic use of labour as a factor of production 
- Unemployment: Someone is considered to be unemployed if they are not working but actively seeking work 
- Labour force: A country's population is divided into the labour force - and non labour force - The labour force consists of all workers actively working PLUS the unemployed (who are seeking work) 
- The non labour force includes all those not seeking work e.g. stay at home parents, pensioners, school children (these people are economically inactive) 
 
- Full employment: describes the ideal situation when everyone in the economy who is willing and able to work has a job 
Changing Employment Patterns
- Many economies are experiencing changing patterns of employment within their workforce and there are numerous reasons for this 
 
Causes of Changing Employment Patterns
| Structure of the Economy | Proportion of Women Employed | Formal and Informal Work | 
|---|---|---|
| 
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| Proportion of Workers in the Public and Private Sector | Part-time and full-time | Work from home | 
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