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Unemployment

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Term
Definition
show Persons 16 years or older that have actively searched for work in the last four weeks but aren't currently employed  
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show Persons 16 years or older that have worked at least one hour in the previous two weeks  
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show The number of employed person plus the number of unemployed persons  
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show A percentage of the labor force that is not currently employed  
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show The percentage of the working age population classified as employed or unemployed  
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Employment-to-population ratio   show
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show People ready and available to work, who have a conducted a job search within the past twelve months, haven't searched in the last four weeks  
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U1   show
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U2   show
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U3   show
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show Adds discouraged workers to the official unemployment rate  
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show Includes all marginally attached workers  
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show Includes all of the above plus those who are employed part-time because of economic reason  
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show Occurs when people voluntarily enter the labor force, or when they are between jobs for which they are qualified  
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Structional unemployment   show
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Creative destruction   show
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Efficiency wages   show
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Cyclical unemployment   show
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Full employment   show
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show The lowest rate of unemployment that an economy can sustain over the long run  
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Discouraged worker   show
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Created by: AngelBrito
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