Plain-English definitions for the terms you'll encounter on your financial journey.
Individuals who are not actively seeking employment because they believe no jobs are available for them, and are thus not counted in the unemployment rate.
Economic data points that change only after the economy as a whole has changed. Examples include the unemployment rate and corporate profits.
The percentage of the total labor force that is jobless and actively seeking employment. It is a key indicator of the health of the labor market and the broader economy.