Docta Steuter ch 14 Matching
| lost a job as opposed to quit/reentered1 |
| # of employed persons plus the number of unemployed persons |
| Marginally attached workers |
| People ready and available to work, who have conducted a job search within the past 12 months, but not searched in the last 4 weeks. |
| when people voluntarily enter the labor force, or when they are between jobs for which they are qualified |
| When job seekers' skill sets are not in demand because of geography or obsolescence |
| Occurs when cyclical unemployment is not present in the economy |
| Employment population ratio |
| % of the working age population that is classified as employed |
| Natural rate of unemployment |
| Suggests that in the long run there is a level of unemployment that the economy maintains independent of the inflation rate. |
| includes UI-5 & people employed part-time b/c of economic reasons |
| Unemployment associated with downturns in the business cycle |
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