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GOALS: Five basic conditions of the economy that are generally desired by society. They are typically divided into macro goals (full employment, stability and growth) and micro goals (efficiency and equity).
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UNEMPLOYED The condition in which a resource (especially labor) is NOT actively engaged in a productive activity, but IS actively seeking employment. This general condition forms the conceptual basis for one of the three categories used by the Bureau of Labor Statistics (BLS) when classifying an individual's labor force status--employed persons. The other two BLS categories are employed persons and not in the labor force.
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In the late 1800s and early 1900s, almost 2 million children were employed as factory workers.
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"The truth is not for all men, but only for those who seek it. " -- Ayn Rand, writer
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BLS
Bureau of Labor Statistics
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