GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Unemployed
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Temporary Workers
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Workforce
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Labor Pool
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Detailed explanation-1: -The status “Unemployed, willing to work and actively looking for a job” is for a person who is unemployed because of a lack of job and where such a person is actively looking for a job.
Detailed explanation-2: -Employed – includes people who are in a paid job for one hour or more in a week. Unemployed – includes people who are not in a paid job, but who are actively looking for work.
Detailed explanation-3: -People who are jobless, looking for a job, and available for work are unemployed. The labor force is made up of the employed and the unemployed. People who are neither employed nor unemployed are not in the labor force.
Detailed explanation-4: -The primary factor in determining whom to count as unemployed is that the person be actively seeking employment. “Wanting a job” is not enough to be counted as unemployed. Who is Not in the Labor Force? People are considered not in the labor force if they are not working and are not actively seeking work.
Detailed explanation-5: -Seasonal unemployment. Frictional unemployment. Cyclical unemployment. Structural unemployment.