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 Vocab

TermDefinition
Unemployed Someone who has actively searched for work in the last four weeks but are not currently employed
Employed Those who have worked at least one hour in the previous two weeks
Labor force The number of employed persons plus the number of unemployed persons
Unemployment rate Percentage of the labor force that is not currently employed
Labor force participation rate Percentage of the working age population classified as either employed or unemployed
Employment-to-Population Rate Percentage of the working age population that is classified as employed
Marginally attached workers People ready and available to work, who have conducted a job search within the past twelve months
"Discouraged workers" Unemployed in the general sense Do not meet technical definition=Official Unemployment rate doesn't reflect their numbers
U3 Official Unemployment rate
U1 Includes people unemployed fifteen weeks or longer
U2 Includes people who have lost a job rather than those who have quit or entered or re-entered a labor force
U4 Adds Discouraged workers to the official unemployment rate
U5 Includes all marginally attached workers
U6 Includes all the above plus those who are employed part-time for economic reasons
Frictional Unemployment Occurs when people voluntarily enter a labor force, or when they are between jobs for which they are qualified.
Structural Unemployment Occurs when job seekers' skill sets are not in demand because of geography or obsolescence
Creative Destruction Old technologies and industries are destroyed, which frees up the resources for the new technology and its industries
Efficiency wages Those 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 Unemployement In the long run, there is a level of unemployment that the economy maintains independent of the inflation rate
Created by: jvelasquez16
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