Labor Market

2. the sum of the labor force and the those not in the labor force
3. natural unemployment caused by a mismatched between the skills workers can offer and skills in demand
6. people who are either working less than they would like or in jobs below their skill level
7. those who have worked for pay at least one hour in the past week, are on temporary leave, or have worked 15hrs. as an unpaid employee in a family business
8. natural unemployment caused by workers who are changing location, jobs, or careers
10. a type of unemployment caused by short-run economic fluctuation
11. a type of unemployment that persist in an economy in the long-run

1. a type of worker that has given up the search for a job because they couldn't find work
4. those who had no work during the reference week, they were available for work and made efforts to find work, but didn't work
5. the working age population that's either employed or unemployed
9. unemployment resulted from wages being higher than the market-clearing level