Unemployment Definition–noun | 1. | the state of being unemployed, esp. inv
b13
oluntarily: Automation poses a threat of unemployment for many unskilled workers. | | 2. | the number of persons who are unemployed. | |
From Dictionary
Related topics from Britannicaunemployment
the condition of one who is capable of working, actively seeking work, but unable to find any work. It is important to note that to be considered unemployed a person must be an active member of the ...
unemployment insurance
a form of social insurance (q.v.) designed to compensate certain categories of workers for unemployment that is involuntary and short-term. Unemployment insurance programs were created primarily to ...
international trade
Tariffs or quotas are also sometimes proposed as a way to maintain domestic employment-particularly in times of recession. There is, however, near-unanimity among modern-day economists that proposals ...
social security
While sickness and disability are actuarial risks in that the incidence does not vary greatly from year to year, this is not the case with unemployment. It is partly for this reason that the duration ...
economic stabilizer
Another possible cause of a general depression was suggested by Keynes. It may be approached in a highly simplified way by lumping all occupations together into one labour market and all goods and ...
economic development
Two theories emphasized the existence of surplus resources in developing countries as the central challenge for economic policy. The first concentrated on the countries with relatively abundant ...
social welfare program
These are common in industrialized countries, less so in developing countries. They usually provide 50 to 75 percent of base wages to workers who are normally employed and have become unemployed ...
Phillips curve
representation of the economic relationship between the rate of unemployment (or the rate of change of unemployment) and the rate of change of money wages. Named for economist A. William Phillips, ...
Economic Affairs
For the industrialized countries, economic growth in 1997 was generally good. Unemployment was a different story. Though low in the United States, fairly low in the United Kingdom, and low, as usual, ...
social welfare program
These are benefits provided by governments to families with a specified minimum number of children. The benefits may be open to all families, in which case the program is a step in the direction of a ...
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