Former cane cutters in the once thriving sugar industry are now Select one: O a. seasonally unemployed. O b., marginally unemployed. O c. frictionally unemployed. O d. structurally unemployed. O e. cyclically unemployed.
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- Between January 2012 and January 2019,U.S. employment increased by 17.3 million workers,but the number of unemployed workers declined byonly 6.3 million. How are these numbers consistentwith each other? Why might one expect a reductionin the number of people counted as unemployed tobe smaller than the increase in the number of peopleemployed?The attached table gives information about population , labor force , and employment in a hypothetical country Richland . The percentage unemployment rate (%) in this country frounded to the nearest integer ) is 20% O. True O. FalseSuppose that 22 million people are employed, 2 million people are unemployed, and 44 million people are 15 years of age or older. Which of the following statements is true? OA. The size of the labour force is 22 million. OB. The unemployment rate is 20%. OC. The labour force participation rate is 54.5%. O D. The unemployment rate is 2%.
- Consider a broom factory that permanentlycloses because of foreign competition. If thebroom factory’s workers cannot find new jobsbecause their skills are no longer marketable,they are classified asa. seasonally unemployed.b. frictionally unemployed.c. structurally unemployed.d. cyclically unemployed.a) Determine the magnitude of the labour force in the economy?b) What is the Unemployment Rate for people aged 21 – 50? Report as apercentage to two decimal places. c) Calculate the Labour Force Participation Rate for this economy. Report aspercentage to two decimal places. d) Calculate the Unemployment Rate for this economy. Report as a percentage to two decimal places.e) Calculate the Employment Population Ratio for this economy. Repot as apercentage to two decimal places.f) For this part, assume that nothing changed with respect to the population, i.e. those who were working kept their jobs and those who were looking for jobs kept looking for jobs. For answering below questions choose between (will rise/will decrease/remains same) A. A baby is born.i) Unemployment Rate will……………………..ii) Labour Force Participation Rate will………….iii) Employment – Population Ratio will………….B. John, 35 years old, was discouraged by the poor job opportunities, sohe was not working and not looking for a…Between 2001 and 2014, by how much did (A) the labor force change? (B) unemployment change? (C) employment change? Context: (in thousands) Year 2001- total population:285,545 Labor force: 143,734 Unemployment: 6,801 Year 2014- Total population: 318,563 Labor Force: 155,922 Unemployment: 9,617
- Refer to the table below. Calculate the number of people considered "employed," the number considered "unemployed," the "unemployment rate" and the "labor force participation rate" (LFR). The number of people who are employed = The number of people who are unemployed = Calculate the unemployment rate: Calculate the labor force participation rate: Number of adults 20,000 Number of adults who are paid employees 8,000 Number of adults who work in their own businesses 1,600 Number of adults who are unpaid workers in a family member's firm 1,000 Number of adults who were temporarily absent from their jobs due to flooding or earthquake 400 Number of adults waiting to be recalled to a job from which they were laid off 200 Number of adults who do not have a job, are available to work, and have tried to find a job within the past 4 weeks 1,400 Number of adults who do not have a job, are available to work, but have not tried to find a job within the past 4…Consider another economy in which the unemployment rate over the next3 years is 6%, 7%, and then 4%. According to Okun’s law, what are thelevels of short-run output Y ~ in this economy?a) State whether the following are true or false and explain why. i. Frictional and structural unemployment are two words for the same thing.ii. If an economy is at full employment, the unemployment rate is zero.
- Supposethe number of employed people in an economy is121,166,640. The unemployment rate in this economy is10.4 percent, and the labor force participation rate is72.5 percent.a. What is the size of the labor force?b. How many people are unemployed?c. What is the size of the working-age population?Supposethe number of employed people in an economy is121,166,640. The unemployment rate in this economy is10.4 percent, and the labor force participation rate is72.5 percent. a. What is the size of the labor force? b. How many people are unemployed? c. What is the size of the working-age population?Do solve both parts Suppose the labour force of an economy is equal to 1,000 and the unemployment on December 2010 is 0. Then, suppose that in January 2011 and every month that follows, 79 workers become unemployed for 1 month, 42 become unemployed for 2 months, 27 become unemployed for 3 months and 12 become unemployed for 15 months. 1. At the steady state, what is the unemployment rate? Answer in percentage rounded to the nearest first decimal. 2. What is the average duration in months at the steady state? Round to the nearest first decimal.