Examlex
A work cell is required to make 300 computerized diagnostic assemblies (for installation into hybrid automobiles) each day. The cell currently works an eight hour shift, of which 6.5 hours is available for productive work. What is takt time for this cell?
Labor Market
The labor market refers to the supply of and demand for labor, where employees provide the labor and employers provide the jobs.
Labor Underutilization
A broader measure of unemployment that includes not just those actively seeking employment, but also those who are working part-time but prefer full-time work, and those who are marginally attached to the labor force.
Unemployment Benefits
Payments made by the government to individuals who are unemployed and seeking work, intended to support them financially.
Job Search Efforts
The activities undertaken by individuals to find new employment, including networking, applying for positions, and attending interviews.
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