Unemployment/ Employment
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show | People that are 16 years and older, have actively searched for work in the last four weeks, but aren't currently employed
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Employed | show 🗑
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Labor Force | show 🗑
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show | Percentage of the labor force that is not currently employed
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show | The percentage of the working age population classified as either employed or unemployed
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show | The percentage of the working age population that is classified as employed
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Marginally Attached Workers | show 🗑
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Discouraged Workers | show 🗑
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show | Fall between the cracks of the official rate
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U-1 | show 🗑
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show | People who lost their job as opposed to those who have quit or those who entered or re- entered the labor force
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show | Discouraged workers to the official unemployment rate
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U-5 | show 🗑
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U-6 | show 🗑
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show | People voluntarily enter the labor force, or when they are in between jobs for which they are qualified
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show | Job seekers skill sets are not in demand because of geography or obsolescence
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show | Old technologies and industries are destroyed which frees up the resources for new technology and its industry
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show | Exceed the equilibrium market wage
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show | Contractions in the business cycle
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show | Occurs when cyclical unemployment is not present in the economy
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show | Level of unemployment that the economy maintains independent of the inflation rate
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Created by:
gbowman15
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