Unemployment

Assisted Area
A UK region made eligible for special government assistance under the state aid rules of the European Commission to encourage investment due to persistently above-average unemployment.
Beveridge Curve
A graph depicting the relationship between unemployment and the job vacancy rate, indicating labor market efficiency.
Seasonal Unemployment
A comprehensive overview of seasonal unemployment, highlighting its causes, impacts, and variations across different economic frameworks.
Cyclical Unemployment
An analysis and understanding of cyclical unemployment within the context of economic cycles.
Reservation Wage
The minimum wage a worker is willing to accept while engaging in job search activities.
Residual Unemployment
Understanding residual unemployment, its components, and implications in economic contexts.
Vacancy Rate
An exploration of the vacancy rate, its significance in labor market analysis, and its connection to the Beveridge curve.
Augmented Phillips Curve
An economics concept that enhances the original Phillips curve by incorporating expectations and other variables.
Current Population Survey (CPS)
A comprehensive monthly survey conducted by the Bureau of the Census for the Bureau of Labor Statistics providing data on the labor force, employment, unemployment, and persons not in the labor force.
Demand-Deficiency Unemployment
A form of unemployment resulting from inadequate aggregate demand, leading to insufficient job creation in the economy.
Discouraged Worker
A comprehensive overview of the term 'Discouraged Worker' in economics.
Disguised Unemployment
A detailed exploration of the concept of disguised unemployment, its origin, and its relevance in various economic frameworks.
Economic Depression
An in-depth examination of an economic depression, its historical contexts, definitions, and major frameworks.
Expectations-Augmented Phillips Curve
A version of the Phillips curve that includes the influence of expected inflation on wage increases and demand pressure.
Frictional Unemployment
An explanation of frictional unemployment, its definitions, historical context, and analytical frameworks in economics.
Hard-core Unemployed
A detailed overview of the concept of hard-core unemployed, including its definition, historical context, and analytical frameworks.
Hidden Unemployment
Understanding the concept of hidden unemployment and the implications it holds in economic analysis.
Insiders and Outsiders
Understanding the insider–outsider distinction and its implications for unemployment in economic theory.
Internal Balance
A situation where the level of economic activity is consistent with a stable rate of inflation.
Layoffs
Permanent terminations or temporary suspensions by a firm of the employment of all or part of its workforce.
Long-Run Phillips Curve
A curve depicting the long-term relationship between inflation and unemployment.
Long-Term Unemployment
The economics term 'long-term unemployment' explicates a period of unemployment lasting more than one year and its associated economic implications and policy considerations.
Misery Index
An index of overall economic performance, formed by adding the unemployment rate and the inflation rate.
Mismatch: Definition and Meaning
Understanding the concept of mismatch in the labor market, referring to the differences between the skills and location of unemployed workers and available job vacancies.
Okun’s Law
The relationship between unemployment and real output in cyclical fluctuations.
Phillips Curve
An in-depth exploration of the Phillips Curve, illustrating the inverse relationship between inflation and unemployment, differences in short-run and long-run analyses, and the role of expectations.
Registered Unemployed
Unemployed individuals officially recorded and receiving unemployment-related benefits.
Sacrifice Ratio
Exploring the economic measure known as the Sacrifice Ratio, its definitions, concepts, frameworks, and implications.
Search Unemployment
An examination of search unemployment, a form of unemployment characterized by workers seeking a job that meets their standards of acceptability.
Short-Run Phillips Curve
A concept in macroeconomics highlighting the short-term trade-off between inflation and unemployment
Stagflation
The situation where a country persistently suffers from both high inflation and high unemployment.
Transitional Unemployment - Definition and Meaning
Unemployment due to significant shifts in the economic structure, affecting less skilled workers during periods of major economic changes.
Unemployment Benefit - Definition and Meaning
An economic term referring to income support payments to the unemployed, with national and regional variations in its implementation.
Voluntary Unemployment
A comprehensive analysis of voluntary unemployment, its causes, and implications in economic theory.