Changes

[[Image:Unemployment office.jpg|right|200px]]

[[Image:Unemployment office.jpg|right|200px]]

'''Unemployment''' is the state of being unemployed. The U.S. government classifies persons as "[[unemployed]]" if they do not have a job, but have actively looked for work in the prior 4 weeks, and are currently available for work. (The [[labor force]] is made up of the employed and the unemployed. The remainder—those who have no job and are not looking for one—are counted as "not in the labor force.") [https://www.bls.gov/cps/faq.htm#Ques5]

'''Unemployment''' is the state of being unemployed.

"Involuntary unemployment" is when people are unable to find jobs at the prevailing wages for their skills and experience.  "Voluntary unemployment" is a normal process when people join the labor force (after leaving school, for example) or move to a new area.

 

The U.S. Government classifies the [[labor force]] as persons who are employed and unemployed.  A person is classifed as "[[unemployed]]" if 1) s/he does not have a job, 2) is currently available for work, and 3) has actively looked for work in the prior 4 weeks. (Persons who are not considered unemployed include retirees, persons attending school full time, stay-at-home parents not working from home, and other persons who are not actively looking for work such as bums.) [https://www.bls.gov/cps/faq.htm#Ques5]

 

"Involuntary unemployment" is when people are unable to find jobs at the prevailing wages for their skills and experience.  "Voluntary unemployment" is a normal process when people join the labor force (after leaving school, for example), leave one job to seek another, or move to a new area in search of employment.

Contrary to a campaign ad for Obama's reelection, "the Massachusetts unemployment rate fell steadily even as the working-age population rose when Romney was governor." (Source: a column in the liberal ''Boston Globe'' [http://bostonglobe.com/opinion/2012/07/10/mitt-romney-economic-record-massachusetts-outpaces-barack-obama-record/UXVVRMrD4Wf4dWdDb97mNI/story.html])

Contrary to a campaign ad for Obama's reelection, "the Massachusetts unemployment rate fell steadily even as the working-age population rose when Romney was governor." (Source: a column in the liberal ''Boston Globe'' [http://bostonglobe.com/opinion/2012/07/10/mitt-romney-economic-record-massachusetts-outpaces-barack-obama-record/UXVVRMrD4Wf4dWdDb97mNI/story.html])