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Employment status |
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Employment statusA 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.Employment status Similar MatchesUnemployment benefitUnemployment benefitBenefit received from a government department when a previously employed person becomes unemployed. The claimant must be able to verify previous employment and that he/she is actively seeking new employment. Unemployment benefit payments are liable to income tax. UnemploymentUnemploymentA measure of the number of workers that want to work but do not have jobs. Self employment taxSelf employment taxA tax self-employed people must pay to qualify them to receive Social Security benefits at retirement. Employment rateEmployment rateThe 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 argument for protectionEmployment argument for protectionThe use of a tariff or other trade restriction to promote employment, either in the economy at large or in a particular industry. This is a second best argument, since other policies -- such as a fiscal stimulus or a production subsidy -- could achieve the same effect at lower economic cost. Further SuggestionsUnemployment rateexpenses in employment Accident, Sickness and Unemployment insurance Verification of employment Full Employment and Balance Growth Act of 1978(Humphrey Hawkins Act) Unemployment insurance |
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