Unemployment/employment vocab
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 | people sixteen or older who have searched for work in the last four weeks, but are not currently employed
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| show | those who have worked at least one hour in the previous two weeks
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| labor force | show 🗑
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| show | a percentage of the labor force that is not currently employed
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| show | the percentage of the working age population classified as either employed or unemployed
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| employment-to-population ratio | show 🗑
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| show | people ready and available to work, who have conducted a job search within the past twelve months
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| show | people who have given up the job search in frustration
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| show | used to measure those who fall between the cracks of the official rate
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| show | only includes people unemployed fifteen weeks or longer
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| show | 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
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| U4 | show 🗑
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| U5 | show 🗑
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| show | includes all of the above plus those who are employed part time because of economic reasons
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| show | people voluntarily enter the labor force, or when they are between jobs for which they are qualified
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| show | job seekers skill sets are not in demand because of geography or obsolescence
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| creative destruction | show 🗑
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| efficiency wages | show 🗑
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| cyclical unemploymemt | show 🗑
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| show | cyclical unemployment is not present in the economy
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| show | lowest rate of unemployment that an economy can sustain over the long run
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Created by:
jcurfmanator
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