econ period 4
Help!
|
|
||||
|---|---|---|---|---|---|
| unemployment | people ages 16 or older who have actively looked for jobs in the past 4 weeks but are not employed
🗑
|
||||
| employed | people who have worked at least one hour in the last 2 weeks
🗑
|
||||
| labor force | employed persons plus unemployed
🗑
|
||||
| unemployment rate | a percent of labor force who are not currently employed
🗑
|
||||
| labor force participation rate | the percent of working age population classified as either employed or unemployed (US average is 65%)
🗑
|
||||
| employment to population rate | the percentage of the working age population that is classified as employed
🗑
|
||||
| marginally attached workers | 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.
🗑
|
||||
| discouraged workers | people who have given up up looking for jobs but they are not classified as unemployed
🗑
|
||||
| U1 | the unemployment rate that only includes people unemployed 15 weeks or longer
🗑
|
||||
| U2 | people who have lost their job
🗑
|
||||
| U3 | the official unemployment rate
🗑
|
||||
| U4 | the unemployment rate that adds discouraged workers to the official unemployment rate
🗑
|
||||
| U5 | the unemployment rate that includes all marginally attached workers
🗑
|
||||
| U6 | the unemployment rate that includes U1-U5 plus those who are employed part time
🗑
|
||||
| frictional unemployment | occurs when people voluntarily quit their job to search for another
🗑
|
||||
| structural unemployment | when job seekers skill sets are not in demand because of geography or obsolescence
🗑
|
||||
| creative destruction | innovation occurs when old technologies and industries are destroyed which frees up the recourse for the new technology and its industry
🗑
|
||||
| efficiency wage | wages that exceed the equilibrium market wage
🗑
|
||||
| cyclical unemployment | occurs because of contractions in the business cycle
🗑
|
||||
| full employment | occurs when cyclical unemployment is not present in the economy
🗑
|
||||
| natural rate of employment | the rate of unemployment that exists when there is no cyclical unemployment present in the economy
🗑
|
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:
RICCCHH_HOMIE_JUANN
Popular Economics sets