Chapter 15 - Unemployment
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7 Terms
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Strike
________- the organized withdrawal of labor from a firm by a union.
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government program
A(n) ________ that partially protects workers incomes when they become unemployed.
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Union
________- a worker association that bargains with employers over wages, benefits, and working conditions.
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Labor force
________- the total number of workers, including both the employed and the unemployed.
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Public training programs
________ help ease workers transition from declining to growing industries and to help the disadvantaged groups escape poverty.
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equilibrium wages
Above- ________ paid by firms to increase worker productivity.
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Labor force participation rate
________ - the percentage of the adult population that is in the ________.