Difference between revisions of "Employment and unemployment"

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(sounds paradoxical, but "All of the progress that the US has made over the last couple of centuries has come from unemployment")
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*People who are jobless, looking for jobs, and available for work are ''unemployed''.
 
*People who are jobless, looking for jobs, and available for work are ''unemployed''.
 
*People who are neither employed nor unemployed are ''not in the labor force''. [http://www.bls.gov/cps/cps_htgm.htm#concepts]
 
*People who are neither employed nor unemployed are ''not in the labor force''. [http://www.bls.gov/cps/cps_htgm.htm#concepts]
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==Quotes==
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*All of the progress that the US has made over the last couple of centuries has come from unemployment. ([[Milton Friedman]])
  
 
==See also==
 
==See also==

Revision as of 12:04, 5 April 2013

The basic concepts involved in identifying the employed and unemployed are:

  • People with jobs are employed.
  • People who are jobless, looking for jobs, and available for work are unemployed.
  • People who are neither employed nor unemployed are not in the labor force. [1]

Quotes

  • All of the progress that the US has made over the last couple of centuries has come from unemployment. (Milton Friedman)

See also