Unemployment
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | The condition of not having a job but being a member of the labor force. Must be jobless, yet actively search for a job in the last four weeks.
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| show | The condition of having a job.
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| Labor Force | show 🗑
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| show | The unemployment rate is equal to the number of unemployed persons divided by the number of people in the labor force
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| show | The labor force divided by the working age population.
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| show | Percentage of the working age population that is classified as employed.
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| show | These are people ready and available to work who have conducted job search within the past 12 months but have not searched in the last 4 weeks and aren't included in the unofficial unemployment statistics.
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| "discouraged workers" | show 🗑
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| show | The unemployment rate that only includes people unemployed 15 weeks or longer, as published by the BLS.
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| show | The unemployment rate that only includes people who have lost a job as opposed to those who have quit or to those who have entered or re-entered the workforce
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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 | Unemployment that is caused by the permanent destruction of jobs in a dying industry , a mismatch between employment skills and the seekers' skill sets, and government programs that create incentives to remain unemployed.
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| Creative destruction | show 🗑
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| show | A wage that exceeds the market wage.
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| Cyclical unemployment | show 🗑
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| Full employment | show 🗑
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| show | The rate of unemployment that exists when there is no cyclical unemployment present in the economy.
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Created by:
kenmunoz
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