Glossary

Glossary

Term Book Chapter Definition
Unemployment CFA Level 1 Exam Chapter 3: Economics The state of being without a job despite actively seeking one. This indicator is used in macroeconomic analysis to provide information about the health of the economy.
Unemployment Macroeconomics Chapter 2: Measuring Economic Activities Refers to the number of people in an economy who are willing and able to work, but cannot find jobs. The unemployment rate is calculated by dividing the number of unemployed individuals by all individuals currently in the labor force.