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Related Flashcards
Related Topics
Cards In This Set
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Unemployment Rate
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Percentage of the labour force that is unemployed
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Discouraged Workers
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Persons who want a job but have given up looking for work
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Hidden Unemployment
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Discouraged workers who do not show up as unemployed on the Labour Force Survey
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Marginal Workers
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Workers with a weak attachment to the labour force
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Incidence of Unemployment
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The proportion people in the labour force entering the state of unemployment in a given period
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Duration of Unemployment
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The average time each persons spends enemployed
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Seasonal Unemployment
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Unemployment resulting from the decline inthe number of jobs at certain times of the year
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Structural Unemployment
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Unemployment resulting from a mismatching of workers and job oppurtunities based either on skills or on geography
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Natural Rate of Unemployment
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The unemployment rate that exists when the economy is functioning at full capacity
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Full Unemployment
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When the actual rate of unemployment equals the natural rate of unemployment
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Cyclical Unemployment
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Unemployment that arisesbecause the economy does not generate enough jobs for those seeking one
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Fiscal Policy
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Changes in government spending and taxation
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Monetary Policy
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Changes in money supply by the Bank of Canada
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Unemployment Hsyteresis
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The dependency of the natural rate of unemployment on the actual unemployment rate
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Technological Unemployment
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Unemployment due to advances in technical and organizational know-how occurring at a faster pace than the ability to find new uses for labour
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