Examlex
A disadvantage of overemphasizing seniority is that less competent employees receive the same rewards and security as more competent employees.
Unemployment Rate
The quota of the labor force that is experiencing unemployment while actively seeking ways to be employed.
Adults Employed
The segment of the adult population that is currently engaged in employment and receiving compensation for their labor.
Adults Unemployed
Refers to individuals of working age who are without a job, available to work, and actively seeking employment.
Adults Not in the Labor Force
Individuals aged over a certain age threshold, typically 16 or 18, who are neither employed nor actively seeking employment, and thus not part of the labor force.
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