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Maria just entered high school. She hopes one day to join the volleyball team and looks to the young women on the team as role models. She dresses like them, follows the same fitness routines, and reads the same volleyball magazines. To Maria, the volleyball team is a
Voluntarily Quits
The act of an employee choosing to leave their job out of their own will, often for reasons such as a better opportunity, personal reasons, or dissatisfaction with the current job.
Full Employment
A situation where all available labor resources are being used in the most efficient way possible, leading to no cyclical unemployment.
Frictional Unemployment
Short-term unemployment that arises from the process of workers moving between jobs or into the workforce.
Structural Unemployment
A form of unemployment caused by a mismatch between the skills that workers in the economy can offer and the skills demanded by employers.
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