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Suppose initially that the working-age population is 220 million, the labor force is 150 million, and the official U-3 unemployment rate is 10 percent. 5 million new jobs are created and filled by 5 million people who had previously been discouraged workers. What is the new U-3 unemployment rate?
PJ Fit
Person-job fit; the compatibility between an individual's characteristics and the demands of the job or the culture of the organization.
PO Fit
Person-Organization Fit, referring to the compatibility between an individual's characteristics and the values or culture of an organization, affecting engagement and satisfaction.
PE Fit
Person-Environment Fit refers to the congruence between an individual's characteristics and the demands of the environment or organization they are in.
Psychological Contract
An unwritten agreement that reflects the mutual beliefs, perceptions, and informal obligations between an employer and an employee.
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