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Ch.14 Unemployment

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Term
Definition
Unemployed   Actively searching for work in at least the last 4 weeks but are not currently employed.  
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Employed   Those who have worked at least one hour in the previous two weeks.  
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Employed   Those who have worked at least one hour in the previous two weeks.  
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Employed   Those who have worked at least one hour in the previous two weeks.  
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Labor Force   The number of employed persons plus the number of unemployed persons.  
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Labor Force   The number of employed persons plus the number of unemployed persons.  
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Unemployment rate   A percentage of the labor force that is not currently employed.  
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Unemployment rate   A percentage of the labor force that is not currently employed.  
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Labor force participation rate   The percentage of the working age population classified as either employed or unemployed.  
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Labor force participation rate   The percentage of the working age population classified as either employed or unemployed.  
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Employment-to-population ratio   The percentage of the working age population that is classified as employed.  
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Employment-to-population ratio   The percentage of the working age population that is classified as employed.  
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Marginally attached workers   People ready and available to work, who have conducted a job search within the past 12 months, but have not searched in the last 4 weeks.  
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Marginally attached workers   People ready and available to work, who have conducted a job search within the past 12 months, but have not searched in the last 4 weeks.  
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''discouraged workers''   Unemployed people who do not meet a technical definition, so the official unemployment rate does not reflect their numbers.  
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U1   People unemployed 15 weeks or longer  
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''discouraged workers''   Unemployed people who do not meet a technical definition, so the official unemployment rate does not reflect their numbers.  
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U1   People unemployed 15 weeks or longer  
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U2   Those who have lost a job as apposed to those who have quit or those who have entered or re-entered the labor force.  
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U2   Those who have lost a job as apposed to those who have quit or those who have entered or re-entered the labor force.  
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U3   official unemployment published by  
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U3   official unemployment published by  
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