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Related Definitions
NAIRU (nonaccelerating inflation rate of unemployment) NAIRU (nonaccelerating inflation rate of unemployment) is the rate of unemployment when demand for labor equals supply, consequently elimination the tendency for the inflation rate to change.
Natural rate of unemployment Natural rate of unemployment is the rate of unemployment consistent with full employment at which the demand for labor equals the supply of labor.
Nonaccelerating inflation rate of unemployment Nonaccelerating inflation rate of unemployment is the rate of unemployment when demand for labor equals supply, consequently elimination the tendency for the inflation rate to change.
Structural unemployment Structural unemployment is the people who remain unemployed for long periods of time, often with little hope of finding new jobs like their
Seasonal unemployment Seasonal unemployment is the joblessness of workers in a seasonal industry.
Frictional unemployment Frictional unemployment is the applies to members of the workforce who are temporarily not working but are looking for jobs.
Cyclical unemployment Cyclical unemployment refers to people who are out of work because of a cyclical contraction in the economy.
Supplemental Unemployment Benefits (SUB) Supplemental Unemployment Benefits (SUB) means typically found in collective bargaining agreements. SUB pay benefits are taxable payments form a fund which
Unemployment insurance (UI) Unemployment insurance (UI) is a statutory benefit. Unemployment insurance is designed to provide workers who have been laid off a weekly income during short
Unemployed Individuals who would like to be employed, and are actively seeking work, but cannot find a job, are considered “officially” unemployed.
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