Examlex
If the unemployment rate is 7% and the number of people employed is 300,000, total number of people unemployed is approximately
Labor Force
The segment of the working-population that is actively engaged in or seeking employment, reflecting the availability of labor in an economy.
Discouraged Workers
Individuals who are not actively seeking employment due to believing that no jobs are available for them.
Unemployment Insurance
A government-provided financial assistance program for individuals who have lost their jobs through no fault of their own, offering temporary financial support.
Consumer Price Index
A metric that investigates the aggregate average cost of a selection of consumer products and services, covering areas such as transportation, food, and medical services.
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