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- If you an? out of school but working part time, are you considered employed or unemployed in U.S. labor statistics? If you are a full time student and working 12 hours a week at the college cafeteria are you considered employed or not in the labor force? If you are a senior citizen who is collecting social security and a pension and working as a greater at Wal-Mart are you considered employed or not in the labor force?Are U.S. unemployment rates distributed evenly across the population?While unemployment is highly negatively correlated with the level of economic activity, in the real world it responds with a lag. In other wands, firms do not immediately lay off workers in response to a sales decline. They wait a while before responding. Similarly, firms do not immediately hire workers when sales pick up. What do you think accounts for the lag in response time?
- What is the difference between being unemployed and being out of the labor force?The labor force participation rate is the percentage of the who are members of the labor force. O A. number of women O B. working-age population O C. part-time workers O D. number unemployed Click to select your answer.Joe works for pay at a local newspaper 20 hours per week as a columnist, and spends 20 hours per week writing his first novel, which he hopes (without any advance offers from publishers) to get published someday (he plans to get in touch with publishers once he's done writing the novel). Joe is O employed part-time. O not in the labor force. employed full-time. O a discouraged worker.
- Matt loses his job as a solar panel installer and cannot find another position with equivalent pay and benefits. As a result, he is still According to economists, which term best describes Matt? a. under employed O b. a discouraged worker O c. unemployed Od out of the labour forceReginald looked for work for six months but could not find a job to his liking. He now spends his time at the beach. For purposes of employment he is considered: O underemployed. O unemployed. employed in the underground economy. out of the labor force.Refer to the table given. The labor-force participation rate is . percent. *** Employed Unemployed Not in the labor force 14,000 реоple 3,000реоple 4,000 people
- If the number of unemployed equals 240,000 and the number of employed equals 300,000, the labor-force participation rate a. is 24%. is 80%. cannot be determined from this information. O b. O d. is 55.6%.QUESTION'13 A decrease G would, if Y, C, and T remained the same, a. reduce private saving and public saving in a closed economy. b. increase private saving but not public saving in a closed economy. с. increase neither private nor public saving in a closed economy. d. increase public saving but not private saving in a closed economy. a O d QUESTION 14 A decrease in the minimum wage contributes to reduce unemployment if the minimum wage is currently above the equilibrium wage. contributes to reduce unemployment if the minimum wage is currently below the equilibrium wage. с. decreases the quantity of labor demanded but increases the quantity of labor supplied. d. increases both the quantity demanded and the quantity supplied of labor. O a O d www AabDiscouraged workers are included in O the number of unemployed. O frictional unemployment. the labor force. None of the above is correct.