Examlex
The diagram below identifies the elements of service as provided by a soft drink vending machine. Each element has an estimate of its own reliability, independent of the others. What is the reliability of the "system"?
U-1 Measure
A specific metric for unemployment that counts individuals who have been unemployed for 15 weeks or longer, indicating long-term unemployment.
U-6 Measure
A comprehensive unemployment rate that includes those who are not actively looking for work, those working part-time but seeking full-time employment, and other marginally attached workers, in addition to the unemployed who are actively looking for work.
Marginally Attached Workers
Individuals who are not in the labor force, wishing to be employed and have looked for a job in the recent past but are not currently looking for work.
Labor-Force Participation
The ratio or percentage of the working-age population that is actively employed or seeking employment.
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