unemployment Definition

unemployment

Definition

An economic condition marked by the fact that individuals actively seeking jobs remain unhired. Unemployment is expressed as a percentage of the total available work force. The level of unemployment varies with economic conditions and other circumstances.

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unemployment is ...
... part of the Economy subject.

Related Terms

unemployment rate -

civilian unemployment rate - More

underemployment - More

cyclical unemployment, automatic stabilizers, bear market, deflation, economic indicator, economics, Great Depression, leading indicator, macroeconomics, stagflation

unemployment appears in the definitions of these other terms on BusinessDictionary.com

national rate of unemployment, natural rate of unemployment, Phillips curve, stabilization policy, stagflation, and

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