Unemployment
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| unemployment | show 🗑
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| show | those who have worked at least 1 hour in the previous 2 weeks
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| show | number of employed persons + number of unemployed persons
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| show | % of the working age population classified as either employed or unemployed
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| employment-to-population ratio | show 🗑
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| marginally attached workers | show 🗑
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| show | the official unemployment rate published by the BLS
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| show | people unemployed 15 weeks or longer
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| show | people who have lost a job as opposed to those who have quit or those who have entered or re-entered the labor force
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| show | adds discouraged workers to unemployment rate
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| U5 | show 🗑
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| U6 | show 🗑
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| show | occurs when a person enters the labor force and looks for a job. frictional unemployment always exists in an economy
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| structural unemployment | show 🗑
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| show | an innovation occurs, old technologies and industries are destroyed, which frees up the resources for the new technology and its industry
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| efficiency wages | show 🗑
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| cyclical unemployment | show 🗑
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| show | when cyclical unemployment is not present
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| show | the rate of unemployment that exists when there is no cyclical unemployment present in the economy. the natural rate of unemployment thought to be independent of the inflation rate
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| unemployment rate | show 🗑
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| show | people who, for whatever reason, have given up the job search and are not officially classified as unemployed. The presence of discouraged workers in the economy means that the official unemployment rate understates actual unemployment
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Created by:
nmarabel
Popular Economics sets