Examlex
In the early 2000s, Chinese officials indicted members of a forgery syndicate that sold several hundred diplomas to high school graduates who needed the diplomas to take employment tests. This situation, where having the certificate of knowledge is more important than the knowledge itself, is known as:
Marginally Attached Workers
Individuals who are not in the labor force, want and are available for work, and have looked for a job sometime in the past 12 months but not in the four weeks preceding the survey.
Bureau of Labor Statistics
The Bureau of Labor Statistics is a government agency that collects, analyzes, and disseminates various data related to employment, wages, and other economic indicators in the United States.
Official Unemployment Rate
The percentage of active job seekers within the labor force who are presently without a job.
Imperfect Measure
A term used to describe a metric or means of evaluation that does not capture or reflect all relevant aspects perfectly.
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