| Cyclical unemployment |
Unemployment that arises during the downturn of the economic cycle such as during a recession |
| Technological unemployment |
Unemployment that arises when workers do not have the skills needed to work with newly developed technology |
| Structural unemployment |
Unemployment arising because of changes in the pattern of economic activity within an economy |
| Frictional unemployment |
Unemployment associated with job search; consisting of people who are between jobs |
| Economically inactive |
Those people of working age who are not looking for work, for a variety of reasons |
| Consumer price index |
A measure of the general level of prices. |
| inflation |
A sustained rise in the general price level,measured by the rate of change of the average price level in an economy over a period of time |
| Discouraged workers |
People who have been unable to find employment and who are no longer looking for work |
| Working population |
All people between the ages of 15 and 64 |