Information about financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.
Main Page: accounting, financial, financial advisor, credit, inventory, inventory control, payroll, tax advisor,
Definition of Boom
The expansionary part of a business cycle in which GDP is growing rapidly.
Unemployment that increases when the economy enters a recession and decreases when the economy enters a boom.
Increasing during booms and decreasing during recessions.
Falling during expansions and rising during recessions. A countercyclical policy stimulates during a recession and contracts during an expansion.
A federal Act requiring employers to pay a tax on the wages paid to their employees, which is then used to create a
unemployment associated with people changing jobs or quitting to search for new jobs.
unemployment due to institutional phenomena such as the degree of labor force unionization, the level of discrimination, and government policies such as unemployment insurance programs, minimum wages, or regulations on business.
The level of unemployment characterizing the economy in long-run equilibrium, determined by the levels of frictional, structural, and institutionally induced unemployment. At this rate of unemployment, inflation should be constant, so it is sometimes called the nonaccelerating inflation rate of unemployment, or NAIRU.
unemployment due to a mismatch between the skills or location of labor and the skills or location required by firms.
A program in which workers and firms pay contributions and workers collect benefits if they become unemployed.
The ratio of the number of people classified as unemployed to the total labor force.
Fraction of the labor force that is not employed.
Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.