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Individuals with an Internal Locus of Control

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Individuals with an internal locus of control


Definitions:

Structural Unemployment Rate

The long-term and chronic unemployment that exists even when the economy is at its productive best, often due to mismatches between skills and job requirements.

Overall Unemployment Rate

A percentage that represents the portion of the labor force that is not currently employed but is actively seeking employment.

Unemployment Rate

The fraction of job-seeking individuals within the labor force who are currently unemployed.

Labor Force

The total number of people, including both the employed and unemployed, who are actively seeking work.

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