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Unemployment (Group 5)
Author :
Adlyna Sofia Binti Rozaidi
1.
defined as the total number of people who are actively looking for work but aren't currently employed
N
L
O
N
U
M
M
E
E
T
P
Y
2.
unemployment due to the time workers spend in job search
O
F
L
E
A
R
N
L
P
N
T
M
T
I
C
N
Y
U
E
O
I
M
3.
occurs when the wage rate is, for some reason, persistently above the equilibrium wage rate
U
O
T
M
U
R
C
L
N
R
S
E
A
U
E
T
M
P
Y
T
L
N
4.
Reasons for Structural Unemployment
I
G
M
W
I
A
S
M
E
N
U
M
5.
workers who spend time looking for employment are engaged in this
S
B
R
E
H
C
A
J
O