Chapter 7 Terms 101 - Unemployment Unemployment is the...

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Unemployment: Unemployment is the number of adults (16 years or older) who are willing and able to work and who are actively looking for work but have not found a job. A Job Loser: A person who was involuntarily terminated or laid off (40–60 percent of the unemployed). A Reentrant: A person who has worked full-time before, but who left the labor force (20–30 percent of the unemployed). A Job Leaver: A person who voluntarily ended employment (10–15 percent of the unemployed). A New Entrant: A person who has never worked at a full-time job for more than two weeks or more (10–13 percent of the unemployed). The Discouraged Worker Phenomenon: Individuals who have stopped looking for jobs because they do not believe that they can find one are called discouraged workers Frictional Unemployment: Unemployment due to the fact that workers must search for appropriate job offer. This takes time, so they remain temporarily unemployed. Structural Unemployment:
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Chapter 7 Terms 101 - Unemployment Unemployment is the...

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