Examlex
A minimum wage that is below the equilibrium wage rate does not raise unemployment.
Unemployment Rates
The percentage of the labor force that is jobless and actively seeking employment, serving as a key indicator of economic health.
Prime Working Age
Individuals who are in the age group considered to be in their most productive years, typically between 25 and 54 years old.
Labor-Force Participation Rates
The percentage of the adult population that is either employed or actively seeking employment.
Unemployment Rate
The level of unemployment within the labor force among those who are vigorously searching for jobs.
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