econ period 4
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| unemployment | show 🗑
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| employed | show 🗑
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| labor force | show 🗑
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| unemployment rate | show 🗑
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| show | the percent of working age population classified as either employed or unemployed (US average is 65%)
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| show | the percentage of the working age population that is classified as employed
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| show | people who are ready and available to work, who have conducted a job search within the past 12 month but have not searched in the last 4 weeks.
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| discouraged workers | show 🗑
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| U1 | show 🗑
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| U2 | show 🗑
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| U3 | show 🗑
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| U4 | show 🗑
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| U5 | show 🗑
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| U6 | show 🗑
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| frictional unemployment | show 🗑
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| structural unemployment | show 🗑
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| show | innovation occurs when old technologies and industries are destroyed which frees up the recourse for the new technology and its industry
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| efficiency wage | show 🗑
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| cyclical unemployment | show 🗑
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| full employment | show 🗑
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| natural rate of employment | show 🗑
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