Un/employment
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Unemployed | show 🗑
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| show | People who have worked at least one hour in the previous two weeks.
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| show | The number of employed people plus the number of unemployed people.
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| Unemployment rate | show 🗑
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| Labor force participation rate | show 🗑
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| show | Percentage of working age population classified as either employed or unemployed.
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| Marginally attached workers | show 🗑
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| show | A person who is eligible for employment and is able to work, but is currently unemployed and has not attempted to find employment in the last four weeks.
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| Frictional Unemployment | show 🗑
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| show | Workers who may lack the requisite job skills, or they may live far from regions where jobs are available but are unable to move there.
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| show | It is a process through which something new brings about the demise of whatever existed before it.
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| show | Wages that are higher than the market equilibrium.
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| show | When business cycles are at their peak, cyclical unemployment will be low because total economic output is being maximized.
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| Full employment | show 🗑
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| show | It is a combination of frictional and structural unemployment that persists in an efficient, expanding economy when labor and resource markets are in equilibrium.
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| U-1 | show 🗑
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| show | Job losers and persons who completed temporary jobs, as a percent of the civilian labor force
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| show | Total unemployed, as a percent of the civilian labor force (official unemployment rate)
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| U-4 | show 🗑
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| show | Total unemployed, plus discouraged workers, plus all other persons marginally attached to the labor force, as a percent of the civilian labor force plus all persons marginally attached to the labor force
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| show | Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force.
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