Scribd Logo
Hochladen

Willkommen bei Scribd!

  • Economics Chapter 13, Section 1 - Funsheet Key: A. Frictional B. Structural C. Seasonal D. Cyclical

    Hochgeladen von

    TARSEHS
    179 Ansichten1 Seite
    The document defines key economic terms related to labor and unemployment. It explains that the labor force consists of civilian men and women over 16 seeking or working jobs. There are four main types of unemployment: frictional from transitioning between jobs, structural from skills mismatches, seasonal from industries slowing or shutting down seasonally, and cyclical from economic downturns. The unemployment rate measures the percentage of the labor force that is unemployed, and full employment means no cyclical unemployment remains.

    Originalbeschreibung:

    Originaltitel

    Econ - C13, S1 - Funsheet

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Verfügbare Formate

    DOC, PDF, TXT oder online auf Scribd lesen

    Stufen Sie dieses Dokument als nützlich ein?

    Sind diese Inhalte unangemessen?

    Dieses Dokument melden
    The document defines key economic terms related to labor and unemployment. It explains that the labor force consists of civilian men and women over 16 seeking or working jobs. There are four main types of unemployment: frictional from transitioning between jobs, structural from skills mismatches, seasonal from industries slowing or shutting down seasonally, and cyclical from economic downturns. The unemployment rate measures the percentage of the labor force that is unemployed, and full employment means no cyclical unemployment remains.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Als DOC, PDF, TXT herunterladen oder online auf Scribd lesen
    Markieren Sie unangemessene Inhalte
    179 Ansichten1 Seite

    Economics Chapter 13, Section 1 - Funsheet Key: A. Frictional B. Structural C. Seasonal D. Cyclical

    Hochgeladen von

    TARSEHS
    The document defines key economic terms related to labor and unemployment. It explains that the labor force consists of civilian men and women over 16 seeking or working jobs. There are four main types of unemployment: frictional from transitioning between jobs, structural from skills mismatches, seasonal from industries slowing or shutting down seasonally, and cyclical from economic downturns. The unemployment rate measures the percentage of the labor force that is unemployed, and full employment means no cyclical unemployment remains.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Als DOC, PDF, TXT herunterladen oder online auf Scribd lesen
    Markieren Sie unangemessene Inhalte
    von 1

    ECONOMICS Chapter 13, Section 1 Funsheet Key

    1. The standard we are covering is SSEMA1. 2. Labor is the effort that people devote to a task for which they are paid. 3. The labor force is civilian men & women, 16 and over, working/ seeking work. 4. Unemployment is civilian men & women, 16 and over, actively seeking work. 5. Four types of unemployment are: a. Frictional b. Structural c. Seasonal d. Cyclical 6. Frictional unemployment is unemployment that occurs when people take time to find a job. 7. Seasonal unemployment is unemployment that occurs as a result of harvest schedules or vacations, or when industries slow or shut down for a season. 8. Structural unemployment is unemployment that occurs when workers skills do not match the jobs that are available. 9. Cyclical unemployment is unemployment that rises during economic downturns and falls when the economy improves. 10. The unemployment rate is the percentage of the nations labor force that is unemployed. 11. Full employment means there is no cyclical unemployment. 12. Underemployment is a situation in which a person is overqualified for the job he or she has.

    Das könnte Ihnen auch gefallen