Employment Level
Total number of people working in economy/sector.
Formula
Unemployment Rate = (Unemployed / Labour Force) × 100
Real World
During the UK's post-pandemic labour shortage in 2021–22, McDonald's struggled to recruit staff and was forced to raise wages, directly increasing its labour costs and squeezing margins.
Exam Focus
Connect employment levels to wage pressure and consumer spending power — examiners reward chains of impact beyond a one-line answer.
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