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Unemployment refers to a situation where a person actively searches for employment but is unable to find work. Unemployment is considered to be a key measure of the...
The page provides a summary of unemployment as an economic indicator and its impact on the business cycle.
The state of being without any work yet looking for work is called unemployment. Economists distinguish between various overlapping types of and theories of unemployment, including cyclical or Keynesian unemployment, frictional unemployment, structural unemployment and classical unemployment definition.
The meaning of UNEMPLOYMENT is the state of being unemployed : involuntary idleness of workers; also : the rate of such unemployment. How to use unemployment in a sentence.
Unemployment is a term referring to individuals who are employable and actively seeking a job but are unable to find a job. Included in this group are those people in the workforce who are working but do not have an appropriate job.
UNEMPLOYMENT definition: 1. the number of people who do not have a job that provides money: 2. the state of being…. Learn more.
Unemployment occurs when someone is able to work and wants to work but is unable to find employment. The Bureau of Labor Statistics (BLS) specifically defines unemployed persons as those who don't have a job but are available for work and have looked for work in the past four weeks.
There is only one official definition of unemployment—people who are jobless, actively seeking work, and available to take a job, as discussed above. The official unemployment rate for the nation is the number of unemployed as a percentage of the labor force (the sum of the employed and unemployed).
UNEMPLOYMENT meaning: 1. the number of people who do not have a job that provides money: 2. the state of being…. Learn more.
Unemployment is the state of not having a paid job—of being unemployed. Unemployment is also commonly used in the context of economics to mean the total number of people unemployed, such as in a country, as in Unemployment is down this quarter, with thousands of new jobs having been created.