Examlex
"Society would be better off if the welfare system were abolished" is a normative statement, not a positive statement.
Unemployment Spells
Periods during which an individual is without work but is available for and seeking employment.
Unemployed Person
An individual who is capable of working, actively seeking work, but unable to find a job.
U-3 Measure
A specific unemployment rate measure that counts the number of unemployed individuals who are actively seeking employment as a percentage of the labor force.
Official Unemployment Rate
The percentage of the labor force that is jobless and actively seeking employment, as determined by government statistics.
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