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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 MatchesFull Employment and Balance Growth Act of 1978(Humphrey Hawkins Act)Full Employment and Balance Growth Act of 1978(Humphrey Hawkins Act)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. Unemployment rateUnemployment rateThe percentage of the people classified as unemployed as compared to the total labor force. Accident, Sickness and Unemployment insuranceAccident, Sickness and Unemployment insuranceIncome 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. 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. Unemployment insuranceUnemployment insuranceAnother form of income protection, but one that does not cover any form of sickness, injury or disability. The purpose of this type of policy is to replace income lost through a short to medium term period of redundancy. It provides you with a monthly tax-free income to cover a portion of your lost earnings. It is often sold in conjunction with the accident, sickness and disability element of income protection policies, in which case it is known as Accident, Sickness and Unemployment (ASU). Further SuggestionsVerification of employmentUnemployment Employment rate expenses in employment Self employment tax unemployment benefit |
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