Search results
Results from the WOW.Com Content Network
Structural unemployment is the most common form of unemployment. Removing such jobs from the market means that new jobs needing different skills are opening up. Other categories of unemployed recognized by economists include cyclical and frictional unemployment. Structural unemployment is a category of unemployment arising from the mismatch ...
Frictional unemployment can be illustrated by someone who leaves their current job to look for another. Until they successfully find and begin another job, they are temporarily unemployed. Another example would be a recent college grad who suddenly becomes available in the job market, but has yet to find his first job.
Employment is the primary source of personal income in the U.S. and thus a source of economic growth. This is primarily why unemployment, which is a lagging indicator, can provide considerable information about the state of the economy and about particular sectors of that economy. For example, high unemployment is generally indicates an economy ...
Structural unemployment occurs when changing markets or new technologies make the skills of certain workers obsolete. And finally, cyclical unemployment is a result of the cyclical nature of the economy and occurs whenever there is a general downturn in business activity. Unemployed people typically fall into one of four classifications.
This type of unemployment increases during a recession and decreases during an expansion. Businesses are unwilling to spend money on wages when they believe consumers are not buying their products. For example, an auto worker may be laid off during a recession, when people are buying fewer cars. When people buy fewer cars, the auto makers don't ...
The unemployment rate measures the percentage of employable people in a country's workforce who are over the age of 16 and who have either lost their jobs or have unsuccessfully sought jobs in the last month and are still actively seeking work. Most economists agree that the natural rate of unemployment in the economy is usually 4% to 6%. This ...
Structural unemployment occurs when there are insufficient numbers of skilled people for the available jobs, yet there is a high number of unemployed or underemployed people because they lack the skills and education needed to fill the available jobs. British economist William Beveridge developed a chart that shows the relationship of ...
Okun's law reinforces the notion that a country's output depends on labor. It is also a way to measure the effectiveness of monetary policy. Although the law only applies in the United States, the concept applies in all economies (that is, when more people have jobs, the economy is stimulated). Accordingly, a 1% change in employment may result ...
A macroeconomic factor is a financial characteristic, trend, or condition that applies to a broad aspect of an economy, such as inflation, rather than a certain population. Instead of affecting individuals, macroeconomic factors usually impact large populations and therefore are monitored by consumers, businesses, and governments.
Symmetrical Triangle. Syndicate. Syndicated Loan. Synergy. Synthetic Collateralized Debt Obligation (Synthetic CDO) Synthetic Futures Contract. Systematic Risk. InvestingAnswers' glossary of financial definitions and business terms that begin with the letter "S".