Tag: labor
Garbatrage
What is 'Garbatrage' An increase in price and trading volume in a particular sector of the economy that occurs as a result...
Geographical Labor Mobility
What is 'Geographical Labor Mobility' Geographical labor mobility refers to the level of freedom that workers have to relocate in order to...
David Ricardo
DefinitionDavid Ricardo was a British political economist, one of the most influential of the classical economists along with Thomas Malthus, Adam Smith and James...
Underemployment
DefinitionUnderemployment is the under-use of a worker due to a job that does not use the worker's skills, or is part time, or leaves...
National Average Wage Index (NAWI)
What is 'National Average Wage Index - NAWI' An index calculated annually by the Social Security Administration (SSA) based on wages subject...
Manufacturing Resource Planning (MRP II)
What is 'Manufacturing Resource Planning - MRP II' Manufacturing Resource Planning (MRP II) is an integrated information system used by businesses. Manufacturing...
Jobless Recovery
DefinitionA jobless recovery or jobless growth is an economic phenomenon in which a macroeconomy experiences growth while maintaining or decreasing its level of employment....
Jobs Growth
What is 'Jobs Growth' A component of the Employment Situation Summary, reported monthly by the Bureau of Labor Statistics. The job growth...
Job Openings and Labor Turnover Survey (JOLTS)
What is 'Job Openings and Labor Turnover Survey - JOLTS' A survey done by the United States Bureau of Labor Statistics to...
Jobless Claims
DefinitionInitial Jobless Claims is a report issued by the U.S. Department of Labor on a weekly basis. The employment situation is extremely important for...