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Unemployment/ Employment

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Term
Definition
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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