unemployment

unemployment definition - business

unemployment

The economic situation of people looking for work and being willing to work at the prevailing wage, but unable to find a job. See also cyclical unemployment, frictional unemployment, seasonal unemployment, structural unemployment.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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