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The Enterprise and Economic Development Glossary
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a resource of the .network library
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unemployment:

... a condition that exists when a laborforce has workers able, ready and willing to accept employment but have no jobs. Employment is the activity to which one devotes time or work in which one is engaged as an obligatory service performed, typically in exchange for wages under a contract of hire; therefore, one who is unemployed is said to be disengaged from an activity, work or job. Unemployable is a condition that exists when a person is unqualified or otherwise not acceptable to perform an activity or do a job to the extent that he or she is unable to find work. The unemployable in a labor force have no marketable skills.

The words employment and unemployment and may be used when providing information about an area in terms of percentages or numbers of people gainfully employed or, conversely, not in its workforce. As such, employment and unemployment shows up in location data.

A tight labor market is generally Howard Folkman, head of workforce availabibily analysis for the South Carolina State Development Board in the 1970s indicated by a statistical reporting of less-than-3% unemployed. High unemployment.

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related: underemployed; workforce; job; jobs creation
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FYI: definition of unemployment what is unemployment definition of unemployed what does not employed mean not employed means without a job definition of jobless

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Economic Development Services, Inc. / copyrights and all rights reserved / 08/15/2011