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Image:Unemployment office.jpg
Unemployment is when people are unable to find jobs at the prevailing wages for their skills and experience. Economists refer to this as "involuntary unemployment."
[[Image:Unemployment office.jpg|right|thumb]]
'''Unemployment''' is when people are unable to find jobs at the prevailing wages for their skills and experience. Economists refer to this as "involuntary unemployment."
The [[U.S. Department of Labor]] publishes monthly statistics on the unemployment rate, but that measures only people who have lost their job in the last six months. Individuals who have been out of work for more than six months are not counted in this statistic, and in some fields (such as technology) the unemployment rate for persons over 45 years old can be as high as 80%.
The [[U.S. Department of Labor]] publishes monthly statistics on the unemployment rate, but that measures only people who have lost their job in the last six months. Individuals who have been out of work for more than six months are not counted in this statistic, and in some fields (such as technology) the unemployment rate for persons over 45 years old can be as high as 80%.