Changes

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

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

Persons are classified as '''[[unemployed]]''' if they do not have a job, 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.") [http://www.bls.gov/cps/faq.htm#Ques5]

'''Unemployment''' is the state of being unemployed. Persons are classified as '''[[unemployed]]''' if they do not have a job, 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.") [http://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) or move to a new area.

"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.

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