#unemploymentday
#unemploymentday #unemploymentdayspecial
here's we'll see all unemployment related definitions and how they effort our lives.
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(why the unemployment rate is matter)
According to the U.S.Bureau of Labor statistics (BLS), when workers are unemployed, their families lose wages, and the nation as a whole loses their contribution to the economy in terms of the goods or services that could have been produced.1 Unemployed workers also lose their PURCHASEING power. which can lead to unemployment for other workers, creating a cascading effect that ripples through the economy. In this way, unemployment even impacts those who are still employed.
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EMPLOYMENT V/S UNEMPLOYMENT
The basic definitions used by the BLS in compiling labor statistics are quite straightforward:
People with jobs are employed.
People who are jobless, looking for jobs, and available for work are unemployed.
People who are neither employed nor unemployed are not in the labor force.
UNEMPLOYMENT rate Definition
The unemployment rate is the percentage of the total labor force that is unemployed but actively seeking employment and willing to work.
UNDEREMPLOYMENT
Underemployment is a measure of employment and labor utilization in the economy that looks at how well the labor force is being utilized.
UNEMPLOYMENT
Unemployment is the term for when a person who is actively seeking a job is unable to find work.
The employment-to-population ratio measures the number of workers currently employed against the total working-age population of a region.
The U -6 (Unemployment) rate
The U-6 rate is the unemployment rate that includes discouraged workers no longer seeking jobs and part-time workers seeking full-time employment.
employment situation report definition
The Employment Situation report is a monthly report compiling a set of surveys in an attempt to monitor the labor market.
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