Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
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

Unemployment

Where did my job go?

TermDefinition
Unemployed people the age of 16 or higher who have actively searched for work in the last 4 weeks but are not currently employed
employed those who have worked at least one hour in the previous two weks
labor force the number of employed persons plus the number of unemployed persons
labor force participation rate the percentage of the working age population that is classified as either employed or unemployed
employment-to-population ratio the percentage of the working age population that is classified as employed
marginally attached workers are not considered in the unemployment rate; they are ready to work and have searched for jobs in the past 12 months but not the past 4 weeks
discouraged workers are not considered unemployed because they do not meet the technical definition; they gave up their job search out of frustration
U1 only includes people unemployed 15 weeks or longer
U2 only includes people who have lost a job as opposed to those who have quit or those who have entered or re-entered the labor force
U3 official unemployment rate published by the BLS
U4 adds discouraged workers to official unemployment rate
U5 includes all marginally attached workers
U6 most all inclusive measure of unemployment and includes off of the above plus those who are employed part time because of economic reason
Frictional unemployment occurs when people voluntarily enter the labor force, or when they are in between jobs for which they are qualified
Structural unemployment occurs when a job seeker's skill sets is not in demand because of geography or obsolescence
Efficiency wages are those that exceed the equilibrium market wage
Creative destruction refers to the ongoing process of technological innovation and industrial decline
Cyclical unemployment occurs because of contractions in the business cycle
Full employment occurs when the cyclical unemployment is not present in the economy
Natural rate of unemployment rate of employment that exists when there is no cyclical unemployment present in the economy; independent of the inflation rate
unemployment rate a percentage of the labor force that is not currently employed
Created by: artyalarcon
Popular Economics sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards