Unemployment

The percentage of the labor force that is not employed but is looking for work.

(a)  

Type of worker who has been out of the labor force for a long time and is no longer looking for work.

(a)  

Employed and unemployed actively looking for work.

(a)  

These do not count some who work as being employed, they do not account for the underemployed.

• Unemployment statistics

• Labor force

• Cyclical unemployment

• Discouraged workers

Typical temporarily unemployed person.

• Frictional Unemployment

• Seasonal Unemployment

• Cyclical unemployment

• Structural Unemployment

Type of unemployment that occurs because worker's skill set does not match available jobs.

• Frictional Unemployment

• Seasonal Unemployment

• Cyclical unemployment

• Structural Unemployment

A change in season creates this type of unemployment.

• Frictional Unemployment

• Seasonal Unemployment

• Cyclical unemployment

• Structural Unemployment

Unemployed as a result of the business cycle.

• Frictional Unemployment

• Seasonal Unemployment

• Cyclical unemployment

• Structural Unemployment

The government divides the population into two groups so that it can calculate unemployment data. Which group is those under sixteen or over sixty-four, those in the armed forces, those institutionalized?

• Group 1

• Group 2

The government divides the population into two groups so that it can calculate unemployment data. Which group is those between sixteen and sixty-four, not in the armed forces, nor institutionalized?

• Group 1

• Group 2