Chapter 21 - Unemployment and Inflation (copy)

labor force participation rate

The ________ rose from 60 % in 1970 to 67.5 % in 1990 and has been largely stable since then.

unemployment rate

The ________ is the most commonly publicized indicator of the country's economic condition.

labor force

The ________ is made up of adult citizens who are either working or searching for jobs.

productive capacity of any economy

The ________ is influenced by the proportion of adults in the labor force, which is measured as the labor force participation rate.

labor force participation rate

The ________ is thus equal to the ________ divided by the adult population, or 65 percent (154.7 million /237.3 million)

unemployment rate

The term ________ refers to the percentage of people in the labor force who are out of work.