Definition
The economic metric measuring how many people are actively seeking work but can't find it, conveniently ignoring those who've given up entirely. For individuals, it's the period between jobs where you collect benefits, update your LinkedIn compulsively, and pretend you're 'taking time to find the right fit.' Economists debate its percentage points while real people debate whether to buy name-brand cereal.
Example Usage
Unemployment hit 8% during the recession, but that didn't count the thousands who'd stopped looking.
Source: Common economic terminology
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See “unemployment” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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That's my story and I'm sticking to it....