Chapter 15 - Unemployment

Strike

________- the organized withdrawal of labor from a firm by a union.

government program

A(n) ________ that partially protects workers incomes when they become unemployed.

Union

________- a worker association that bargains with employers over wages, benefits, and working conditions.

Labor force

________- the total number of workers, including both the employed and the unemployed.

Public training programs

________ help ease workers transition from declining to growing industries and to help the disadvantaged groups escape poverty.

equilibrium wages

Above- ________ paid by firms to increase worker productivity.

Labor force participation rate

________ - the percentage of the adult population that is in the ________.