Chapter 15 - Unemployment

Strike

________- the organized withdrawal of labor from a firm by a union.

government program

A(n) ________ that partially protects workers incomes when they become unemployed.

Labor force

________- the total number of workers, including both the employed and the unemployed.

Public training programs help

________ ease workers transition from declining to growing industries and to help the disadvantaged groups escape poverty.

Job search

________- the process by which workers find appropriate jobs given their tastes and skills.

equilibrium wages

Above- ________ paid by firms to increase worker productivity.

Frictional unemployment

________- unemployment that results because it takes time for workers to search for the jobs that best suit their tastes and skills.

Labor force

________ participation rate- the percentage of the adult population that is in the ________.