Examlex
Define a process.Then differentiate among a value creation process, a support process, and a general management process.
Labor-Force Participation Rate
The percentage of the adult population that is part of the labor force, either employed or actively seeking employment.
Unemployment Rate
The rate at which individuals in the labor force are without jobs but earnestly seeking employment.
Marginally Attached Workers
Individuals who are not currently in the labor force but indicate that they want and are available for a job and have looked for work sometime in the recent past but not actively in the current period.
Cyclical Unemployment Rate
The cyclical unemployment rate measures the fluctuation in unemployment due to the ups and downs of economic cycles, reflecting the overall health of an economy.
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