Employment rate

 

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Employment rate

The percentage of the labor force that is employed. The employment rate is one of the economic indicators that economists examine to help understand the state of the economy. See also: Unemployment rate.



Employment rate

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Full Employment and Balance Growth Act of 1978(Humphrey Hawkins Act)

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Federal legislation that, among other things, specifies the primary objectives of U.S. economic policy-maximum employment, stable prices, and moderate long-term interest rates.


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A term used by lenders to describe potential borrowers' working arrangements. Self-employed applicants are sometimes seen as a greater risk than employees. Many specialist lenders and mortgages have emerged in recent years designed specially for different types of employment status.


Accident, Sickness and Unemployment insurance

Accident, Sickness and Unemployment insurance

Income protection incorporating cover for loss of earnings arising from accident, sickness or unemployment. Usually paid out in the form of a monthly tax-free income to cover a portion of lost earnings and restricted to two years from the date of the first payment.


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If an employee incurs expenses wholly on behalf of his company which are not reimbursed, such expenses can be offset against tax. Examples are accommodation, meals and fees to professional organisations.


Unemployment

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A measure of the number of workers that want to work but do not have jobs.


Further Suggestions

Self employment tax
unemployment benefit
Employment argument for protection
Unemployment insurance
Unemployment rate
Verification of employment


 
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