Unadjusted Data - Data that has not undergone any seasonal adjustment.

Underemployed – Workers who cannot obtain full-time employment or who are working at jobs for which they are overqualified. 

Unemployed – In the Current Population Survey (CPS), those individuals considered unemployed must be 16 years of age or older who do not have a job but are available for work and are actively seeking work during the reference week (the week including the 12th of the month). The only exceptions to these criteria are individuals who are waiting to be recalled from a layoff and individuals waiting to report to a new job within 30 days. They are also considered unemployed. 

Unemployed Disqualified – Unemployed disqualified refers to people who are able to work and are available for work but are disqualified from receiving benefits for separation issues or other non-monetary reasons. 

Unemployment Insurance – A program that provides cash benefits for workers who are unemployed through no fault of their own and who are able to work, available to work, and who are actively seeking work. Eligibility to receive these benefits is set by law. The program is financed through taxes paid into a trust fund by Iowa employers for their employees. 

Unemployment Rate – The percent of the non-institutional civilian labor force which is currently unable to find employment, but which is actively seeking employment.  This is calculated by dividing the number of unemployed by the number in the labor force at a given point in time.  This is NOT the percentage of the population who are unemployed, but rather an estimate of the percentage of those who want to work, are able to work, and are actively seeking work but are unable to find employment.  To find out what percentage of the population is employed or unemployed, look to the "employment-population ratio" from the Bureau of Labor Statistics, which measures "the proportion of the civilian non-institutional population 16 years and over with a job."

Unemployment Trust Fund – A fund established in the treasury of the United States that contains all monies deposited by state agencies to the credit of their unemployment fund accounts and federal unemployment taxes collected by the Internal Revenue Service. Each state has a separate account in this fund. States deposit unemployment insurance contributions into this account and draw on the account to pay unemployment benefits. 

Unemployment Trust Fund Balance – Usually refers to the balance in the individual state account in the Unemployment Trust Fund.

Unit Labor Costs – The cost of labor input required to produce one unit of output, unit labor costs are computed as the ratio of labor costs in nominal terms divided by real output.
          [See also - Employment Cost Index (ECI), Producer Price Index (PPI)]

Universe – The entire population to be measured. 

Alphabetical Glossary Listing

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

Q

R

S

T

U

V

W

X

Y

Z

Glossary References

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Iowa Workforce Information Network (IWIN)