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Vocab

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
Unemployed   show
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show People who have worked at least 1hr in the previous 2 weeks  
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Labor Force   show
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Unemployment Rate   show
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show Percentage of working age population classified as either employed or unemployed  
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show Percentage of 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 Official unemployment rate  
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show Unemployed 15 weeks or longer  
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U2   show
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U4   show
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show All marginally attached workers  
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show Inclused U1-5 plus people employed part-time because of economic reasons  
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Frictional Unemployment   show
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Structural Unemployment   show
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show Happens when innovation occurs, and old technologies & industries are destroyed  
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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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Natural Rate of Unemployment   show
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Created by: Hannah W
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