economy where did my job go
Help!
|
|
||||
|---|---|---|---|---|---|
| unemplyed | The condition of not having a job but being a member of the labor force. A person that is jobless but atcively searching for a job
🗑
|
||||
| employed | The condition of having a job
🗑
|
||||
| labor force | the number of employed plus unemployed people age sixteen and over
🗑
|
||||
| unemployment rate | The unemployment rate is equal to the number of unemployed persons divided by the number of people in the labor force.
🗑
|
||||
| labor force participation rate | labor force divided by the working age of population
🗑
|
||||
| marginally attached workers | these people ready and available to work who have conducted a job search within the past twelve months but have not search in the last four weeks unemployment statistics
🗑
|
||||
| discouraged workers | people who for whatever reason have given up the job search and are not officially classify a unemployed
🗑
|
||||
| U1 | The unemployment rate that only includes people unemployed fifteen weeks or longer, as published by the BLS
🗑
|
||||
| u2 | The unemployment rate that 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, as publish by the BLS.
🗑
|
||||
| U3 | The official unemployment rate published by the BLS
🗑
|
||||
| U4 | The unemployment rate that adds discourage workers to the official unemployment rate as published by the BLS.
🗑
|
||||
| U5 | The unemployment rate that includes all marginally attached workers, as published by the BLS.
🗑
|
||||
| U6 | The most all inclusive measure of unemployment as published by the BLS, Includes all listed in U!-U5 plus those who are employed part time because of economic reasons.
🗑
|
||||
| Frictional Unemployment | Voluntary unemployment that occurs when a person enters the labor force and looks for a job.
🗑
|
||||
| Structural unemployment | Unemployment that is caused by the permanent destruction of jobs in a dying industry, a mismatch between the skills necessary for employment and the seekers skill sets and government programs that created incentives to remain unemployed.
🗑
|
||||
| creative desstruction | Policy conducted by either government or the central bank that seeks to limit and inflation reduction on spending, raising taxes and money supply
🗑
|
||||
| Efficiency wages | A wage that exceeds the market wage.
🗑
|
||||
| Cyclical unemployment | Unemployed associated with downturns in the business cycle.
🗑
|
||||
| Full employment | the level of employment that exist when the economy is being productive efficient.
🗑
|
||||
| natural rate of unemployment | the rate of unemployed that exist when there is no cyclical unemployment present in the economy
🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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
Normal Size Small Size show me how
Created by:
vazquez16
Popular Economics sets