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Economics glossary · The macroeconomy

Unemployed

What unemployed means in economics, with an example and a question to test yourself.

Definition
Unemployed
An unemployed person is someone without a job who has actively looked for work in the previous four weeks and is available to start work within two weeks.
Not to be confused with: Economically inactive
An economically inactive person is out of paid work and either has not looked for a job in the past four weeks or cannot start within two weeks.
Example

Can you think of an example of unemployed?

Test yourself

What is the difference between unemployed and economically inactive?

Learn it properly: the module

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