The civilian labor force encompasses all individuals aged 16 or over in the United States who are not in military service or institutionalized and are either employed or unemployed but actively seeking and available for work.
Frictional unemployment is a form of unemployment that occurs naturally within an economy, caused by individuals transitioning between jobs, relocating, and altering their economic activities. It is considered a normal and unavoidable aspect of the labor market.
Full employment is a rate of employment defined by government economists to take into account the percentage of unemployed individuals who would not be employed regardless of the nation's economy. It is currently considered to be at 5.2% unemployment.
A comprehensive evaluation imposed by the Obama administration in 2009 on certain large banks to assess their ability to withstand a major economic downturn without needing additional capital infusions.
Unemployment is the state of being without paid work, though willing and able to work and actively seeking work. It also refers to the proportion of the labor force that is without paid work.
The unemployment rate represents the percentage of the civilian labor force that is actively looking for work but is unable to find jobs. This rate is compiled by the U.S. Department of Labor, in cooperation with labor departments in all states, and is released to the public on the first Friday of every month.
