Unemployment
Definition of "Unemployment"
The nonavailability of jobs for people able and willing to work at the prevailing wage rate. It is important measure of economic health, since full employment is generally constructed as a desired goal. As firms fail and as individuals struggle, mortgages and other loans go unpaid. This causes real estate values to go down and hurts lenders. Loan defaults rise.
Popular Real Estate Terms
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One to whom a gift or bequest is made. ...
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English architecture. This style has two levels with the second level typically overlaying the first story. The roof is high and the chimney is sculptured. ...
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