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Unemployment

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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Employed   show
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Labor force   show
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Unemployment rate   show
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show surveys in which households are questioned about their participation in the labor force  
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Labor force participation rate   show
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show percentage of the working age population that is classified as employed  
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show people ready and available to work who have conducted a job search within the past year but not in the last month  
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show people who have given up the job search due to frustration  
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show only includes people that have been unemployed for fifteen weeks or longer  
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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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show when job seekers skill sets are not in demand because of geography or obsolescence  
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show when innovation and technology advancements cause old industries and skill sets to die out and new technology/industries replace them  
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Cynical unemployment   show
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Full employment   show
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Natural rate of unemployment   show
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Created by: etanner
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