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Some Long-Run Unemployment May Be Explained by the Fact That

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Some long-run unemployment may be explained by the fact that the number of jobs available in some labor markets may be insufficient to give a job to everyone who wants one.


Definitions:

Diagnosed

Refers to the identification of a disease or condition by a medical professional through examination, testing, and analysis of symptoms.

Diagnosed

Pertains to the process whereby a healthcare provider determines the specific disease or ailment affecting a patient, typically after a series of tests and assessments.

United States

A country located in North America, comprising 50 states, a federal district, five major territories, and various possessions.

People

Refers to human beings, considered collectively or individually, as part of a community or the human species.

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