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15 cards from this deck
People employed or actively seeking employment
% of working-age population with jobs
74-75%
% of labour force without work but seeking it
Mid-4% range
Around 12%
Economic downturns when aggregate demand falls
Mismatch between workers' skills & job opportunities
Natural time lag between leaving & finding jobs
Industries with predictable annual fluctuations
Seven
Additional revenue from hiring one more worker
Hire if MRP > wage cost; don't if MRP < wage cost
Downward
9.4% unemployed vs 1.5% employed
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