| unemployment | business and Labor |
|---|---|
|
What is seasonal unemployment
Unemployment due to season change
|
What is sole proprietorship
Owned and ran by one person
|
|
What is structural unemployment
Unemployment due to advancements in technology
|
What is a partnership
Owned and ran by 2 people
|
|
What is frictional unemployment
Between jobs because firing, layoffs, and volunteer research
|
What is a corporation
Business owned by multiple people but act as one
|
|
What is cyclical
When the demand for goods and services can’t support full employment
|
|
|
What is unemployment rate
3.6%
|
|
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