Unemployment
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
|
|
||||
|---|---|---|---|---|---|
| Unemployment | Persons sixteen or older that have actively searched for a job in the past 4 weeks without finding a job.
🗑
|
||||
| Employment | Those who have worked at least 1 hour in the past 2 weeks
🗑
|
||||
| Labor Force | The number of employed persons plus the number of unemployed persons
🗑
|
||||
| Unemployment Rate | A percentage of the labor force that is not currently employed
🗑
|
||||
| Labor Force Participating Rate | The percentage rate of the working age population classified as either employed or unemployed.
🗑
|
||||
| Employment-to-Population Ratio | The ratio of the working age population that is classified as employed.
🗑
|
||||
| Marginally Attached Workers | Those are people ready and available to work, who have applied in the past 12 months, but have not searched in the last 4 weeks.
🗑
|
||||
| Discouraged Workers | Workers who are unemployed in the general since, but because they do not meet the technical definition they are not counted in he official unemployment rate.
🗑
|
||||
| Frictional Unemployment | Occurs when people voluntarily enter the labor force, or they are between jobs which they are qualified for.
🗑
|
||||
| Structural Unemployment | Occurs when jobs seekers skill sets are not in demand because of geography or obsolescence.
🗑
|
||||
| Creative Distruction | Occurs when old technology and industries are destroyed, which frees up the resources for the new technology and its industry.
🗑
|
||||
| Efficiency Wages | Are those that exceed the equilibrium market wages
🗑
|
||||
| Cyclical Unemployment | Occurs because of contraction in the business cycle
🗑
|
||||
| Full Employment | occurs when cyclical unemployment in not present in the economy
🗑
|
||||
| Natural Rate of Unemployment | suggests that in the long run there is a level of unemployment that the economy maintains independent of the inflation rate.
🗑
|
||||
| U1 | People unemployed 15 weeks or longer
🗑
|
||||
| U2 | People who have lost a job as oppose to those who have quite or those who have entered or reentered the labor force
🗑
|
||||
| U3 | To measure those who fall between the cracks of the official rate
🗑
|
||||
| U4 | adds discouraged workers to the official unemployment rate
🗑
|
||||
| U5 | includes all marginally attached workers
🗑
|
||||
| U6 | all-inclusive measure of unemployment and includes all of the above plus those those who are employed part-time because of economc reasons
🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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.
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.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
WilliamJordan
Popular Economics sets