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12 Cards in this Set

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Friction Unemployment
The continuous flow of individuals from job to job and in and out of employment.
Structural Unemployment
Structural changes in our economy cause some workers to become unemployed for a very long time and because they can not find jobs in their particular skill.
Cyclical Unemployment
Cyclical Unemployment is related to business fluctuations. Its defined as unemployed associated with changes in business conditions primarily recession and depression.
Seasonal Unemployment
Comes and goes with seasons of the year in which the demand for particle jobs rise and fall.
Seasonal Unemployment
Comes and goes with seasons of the year in which the demand for particle jobs rise and fall.
Seasonal Unemployment
Comes and goes with seasons of the year in which the demand for particle jobs rise and fall.
Unemployment Rate
The percentage of the labor force out of work.
Inflation Rate
The annual percentage change in the average level of prices and goods and services.
Job Loser
Employment was involuntarily terminated or who was laid off.
Reentrant
Worked a full time job before but has been out of labor force
Job Leaver
Voluntarily ended employment.
New Entrant
Has never work full-time job for two weeks or longer