Unemployment and Poverty

the official minimum income needed for the basic necessities of life in the US.

• Poverty
• poverty rate
• poverty threshold

a situation where a person lacks the income and resources to achieve a minimum standard of living

• Poverty
• poverty rate
• poverty threshold

the percentage of people living in households that have incomes below the poverty threshold.

• Poverty
• poverty rate
• poverty threshold

government economic and social programs that provide assistance to the needy.

• Medicare
• Medicaid
• Welfare
• Workfare

Medical Insurance that is connected to Social Security

• Medicare
• Medicaid
• Welfare
• Workfare

a program that requires welfare recipients to some kind of work in return for their benefits

• Medicare
• Medicaid
• Welfare
• Workfare

a situation where jobs exist but workers looking for work do not have the necessary skills for these jobs.

• Structural unemployment
• frictional unemployment
• seasonal unemployment
• cyclical unemployment

Summer, outdoor, lifeguards in September

• Structural unemployment
• frictional unemployment
• seasonal unemployment
• cyclical unemployment

temporary unemployment experienced by people changing jobs

• Structural unemployment
• frictional unemployment
• seasonal unemployment
• cyclical unemployment

unemployment caused by a part of the business cycle with decreased economic activity.

• Structural unemployment
• frictional unemployment
• seasonal unemployment
• cyclical unemployment