definitions
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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| show | persons sixteen years of age or older that don't have a job
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| employed | show 🗑
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| labor force | show 🗑
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| unemployment rate | show 🗑
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| labor force participation rate | show 🗑
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| employment-to-population ratio | show 🗑
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| show | people ready and available to work
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| show | people unemployed in the general sense, but they do not meet the technical definition
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| show | occurs when people voluntarily enter the labor force
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| creative destruction | show 🗑
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| show | occurs when job seekers; skill sets are not in demand because of geography or obsolescence
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| show | wages that exceed the equilibrium market wage
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| cyclical unemployment | show 🗑
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| show | it occurs when cyclical unemployment is not present in the economy
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| natural rate of unemployment | show 🗑
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| show | The official unemployment rate
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| U1 | show 🗑
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| show | it only includes 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 | it adds discouraged workers to the official unemployment rate
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| show | it includes all marginally attached workers
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| U6 | show 🗑
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
Lorenzo C
Popular Economics sets