Labor and Employment Review

Inflation

• not having the income/resources to maintain a minimum standard of living
• sustained increase in prices and/or decrease in purchasing power of money
• percentage of workforce that is jobless and actively looking for work

Underemployment

• knowledge/skills that enable workers to be productive
• part-time workers who want to work full-time or people working below their skill level
• percentage of workforce that is jobless and actively looking for work

Human Capital

• knowledge/skills that enable workers to be productive
• part-time workers who want to work full-time or people working below their skill level
• percentage of workforce that is jobless and actively looking for work

Unemployment Rate

• knowledge/skills that enable workers to be productive
• sustained increase in prices and/or decrease in purchasing power of money
• percentage of workforce that is jobless and actively looking for work

Poverty

• not having the income/resources to maintain a minimum standard of living
• sustained increase in prices and/or decrease in purchasing power of money
• percentage of workforce that is jobless and actively looking for work

Unemployment that comes from changing jobs or industries

• frictional
• seasonal
• structural
• cyclical

Unemployment caused by decreased economic activity

• frictional
• seasonal
• structural
• cyclical

Unemployment linked to seasonal work

• frictional
• seasonal
• structural
• cyclical

Unemployment that happens when available jobs don't match workers' skills

• frictional
• seasonal
• structural
• cyclical

A tech writer loses their job because of a recession

• frictional
• seasonal
• structural
• cyclical