Quality or state of being not employed; -- used esp. in economics, of the condition of various social classes when temporarily thrown out of employment, as those engaged for short periods, those whose trade is decaying, and those least competent.
the state of being unemployed; lack of employment.
a condition that exists when a laborforce has workers able, ready and willing to accept employment and are without jobs, a statistical measure defined as a percentage of a laborforce. A tight labor market is generally indicated by a statistical reporting of less-than-3% unemployed because there is a bottom layer of unemployed considered to be unemployable. Events such as recent closings or layoffs or announcements of possible closings or layoffs may not show up in statistics or labor information available from indirect sources. For this reason it's always best to investigate a labor market or to gather data at the target location more about how the unemployed fit into location work. definition of unemployment defined definition of tight labor market defined definition of unemployed defined best source of labor information
the situation in which there are not enough jobs available for the people looking for them.
A measure of the number of workers that want to work but do not have jobs.
Unemployment exists when people who want to work in jobs they are qualified to do at current wage rates are not able to find jobs, or are waiting to begin a new job, or are actively looking for work but do not have the skills required to fill the jobs that are currently available. View Capstone Lesson(s) that address this concept
All people above a specified age who are not in paid employment or self-employed, but are available and have taken specific steps to seek paid employment or self-employment.
the state of being unemployed or not having a job; "unemployment is a serious social evil"; "the rate of unemployment is an indicator of the health of an economy"
The number of adult workers who are without work, who are available for work, and are actively searching for a job.
Involuntarily and temporarily without a job, although able and willing to work.
Unemployed persons are those who, during the Labour Force Survey reference week, were on temporary layoff with an expectation of recall and were available for work; or were without work, had actively looked for work in the past four weeks, and were available for work; or had a new job to start within four weeks from reference week, and were available for work.
Without a job and seeking work.
You must be conscientiously seeking, but unable to find, full-time employment. If you are receiving unemploment benefits that will automatically qualify you for the unemployment deferment. No form is required but you need to call your lender.
People without work.
The nonavailability of jobs for people able and willing to work at the prevailing wage rate. It is important measure of economic health, since full employment is generally constructed as a desired goal. As firms fail and as individuals struggle, mortgages and other loans go unpaid. This causes real estate values to go down and hurts lenders. Loan defaults rise.
Any week in which you perform no services and receive no wages or perform less than full-time work if wages payable for that week are less than your weekly benefit amount.
The situation in which people are willing and able to work at current wage rates, but do not have jobs.
Cyclical - workers gain and lose jobs according to the boom and bust cycles of the economy. For example, the oil workers have lots of work when the price of oil is up; when prices fall, workers are out of work. Frictional - usually for a short duration, people who are between jobs by choice because the last job was unfulfilling, didn't pay enough, they wanted to change jobs or for other reasons. Seasonal - people not working due to regular fluctuations in demand, e.g., crop harvesters are only in demand for part of the year, and demand for construction work diminishes greatly in winter climates. Structural - job vacancies that require different skills than the workers have, either due to a lack of training or to geography. For example, a hockey player who can no longer play the game and has no skills to match employer needs or, the need for tool-and-die makers is great in Calgary but the unemployed tool-and-die makers are in Windsor.
when people are willing and able to work, but do not have jobs. Government tries to lower unemployment to provide economic security to workers. Government tries to control the behavior of consumers, producers and other entities through the creation and enforcement of regulation
When a previously employed worker is “laid off” or involuntarily “not in gainful employment,” he or she is considered unemployed and possibly eligible for certain state and federal compensation and benefits.
Measurement of the number of people who are not working and who are actively seeking work.
Joblessness. The measure of unemployment is the number of jobless people who are available for work and are actively seeking jobs. The unemployment rate is unemployment as a percentage of the labor force. (BLS)
Non-utilized labor resources.
The state of an individual looking for a paying job but not having one. Does not include full-time students, the retired, children, or those not actively looking for a paying job. Source: econterms
In economics, one who is willing and able to work for pay yet is unable to find employment is considered to be unemployed. The unemployment rate is the number of unemployed workers divided by the total civilian labor force, which includes all those willing and able to work for pay - both unemployed and employed.