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- What is frictional unemployment? Give examples of frictional unemployment.What is the difference between being unemployed and being out of the labor force?Assess whether the following would be counted as unemployed in the Current Employment Statistics survey. A husband willingly stays home with children while his wife works. A manufacturing worker whose factory just closed down. A college student doing an unpaid summer internship. A retiree. Someone who has been out of work for two years but keeps looking for a job. Someone who has been out of work for two months but isnt looking for a job. Someone who hates her present job and is actively looking for another one. Someone who decides to take a part time job because she could not find a full time position.
- 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?QUESTION 21 2010 2018 Civilian noninstitutionalized population(aged 16 or older) 223,830 257,791 Population 309,780 327,436 Unemployed 20,808 16,306 Employed 159,077 145,764 Not in the labor force 43,945 95,721 Between 2010 and 2018, the employment-population ratio регcent. OA. fell to 56.5 O B. fell to 60.4 O C. rose to 90.4 O D. stayed more or less the same, at about 45.0 O E. rose to 60.4 W E T.
- Category Population Number of unemployed Number of structural unemployed Number of employed Number of frictional unemployed Number 8,000 500 150 5800 350 According to the data above, cyclical unemployment is O A, 0% ÒB. Ò B. 2.38% 5.55% OC. 6.25% O D.Given the information in the table, what is the labor force participation rate? Catagory Less than 16 years old Full-time workers Full-time military Part-time workers A. 74.7% OB. 74.3% OC. 63.1% OD. 69.2% Institutionalized Looking for work Retired Number of people (millions) 40 135 1.2 20 14.8 11.5 41.5Asurvey of 200,000 people finds 76,300 "employed," 6,640"unemployed," and the remaining 117,060 "not in the labor force." What is the unemployment rate derived from these numbers? a. 8.7percent b. 3.3 percent c. 8.0 percent d. 5.7 percent
- Refer to the information provided in Table below to answer the question. Labor force participation rate Total population 16 years of age and older Unemployment rate 60% 200 million 5% Refer to Table The total number of people unemployed is Select one: O a. 3 million. Ob. 6 million. OC.8 million. d. 10 million.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%.1. Asurvey of 200,000 people finds 76,300 "employed," 6,640"unemployed," and the remaining 117,060 "not in the labor force." What is the unemployment rate derived from these numbers?