Concealed Unemployment

AAA

DEFINITION of 'Concealed Unemployment'

When people who are out of work are not counted in official unemployment statistics for a variety of reasons. Those potential workers falling into this category typically include individuals who have given up looking for employment, those who have taken an early retirement even though they would prefer to still be employed and those with seasonal or part time employment.

INVESTOPEDIA EXPLAINS 'Concealed Unemployment'

Unemployment statistics do not always accurately reflect the number of unemployed people in the workforce. Unemployment statistics typically are derived only from those people who are both out of work and actively seeking a job. Concealed unemployment figures are typically not used in statistical calculations. People who are out of work do not always file for unemployment benefits, and it is these potential workers that create concealed unemployment.

RELATED TERMS
  1. Unemployment

    Unemployment occurs when a person who is actively searching for ...
  2. Frictional Unemployment

    Unemployment that is always present in the economy, resulting ...
  3. Department Of Labor - DOL

    A U.S government cabinet body responsible for standards in occupational ...
  4. Bureau Of Labor Statistics - BLS

    A government agency that produces economic data that reflects ...
  5. Employment And Training Administration ...

    A federal agency that operates under the U.S. Department of Labor. ...
  6. Working Tax Credit (WTC)

    A tax credit offered to low-income individuals working in the ...
Related Articles
  1. The Economics Of Labor Mobility
    Economics

    The Economics Of Labor Mobility

  2. Recognize And Avoid
    Personal Finance

    Recognize And Avoid "Work At Home" Scams

  3. How Unemployment Affects You (Even If ...
    Retirement

    How Unemployment Affects You (Even If ...

  4. Planning For Unemployment
    Budgeting

    Planning For Unemployment

Hot Definitions
  1. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  2. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  3. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  4. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  5. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
  6. Accelerated Depreciation

    Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years ...
Trading Center