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Unemployment
The total number of people over 16 who are ready, willing, and able to work, who have been unsuccessfully seeking employment.
Closed Shop Agreement
A labor agreement requiring employees to be members of a specific union as a condition of being hired and to remain in the union for the duration of their employment.
Wages
Compensation provided to employees for their work, usually determined on the basis of hours, days, or the amount of work completed.
Labor Demanded
The total amount of labor hours that employers want to hire at a given wage rate, over a certain period.
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