Most of the jobs that were added to the American economy over the past thirty years were in which of the followingsectors?a. service and white-collarb. manufacturingc. miningd. skilled blue-collar
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Most of the jobs that were added to the American economy over the past thirty years were in which of the following
sectors?
a. service and white-collar
b. manufacturing
c. mining
d. skilled blue-collar
Step by step
Solved in 2 steps
- 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?What is structural unemployment? Give examples of structural unemployment.The labor force consists of: a)all adults who areable to work. b)all adults who areworking, plus those not working. c)discouraged workers, employed workers, plus those activelyseeking work. d)all adults who areworking or actively seeking work.
- 20- What does employment in the narrow sense include? a) Entrepreneur B) Fee NS) Natural resource D) Capital TO) WorkStudent question Time Left : 00:08:46 Make sure it's correct for a thumbs up. Thank you. Hide Transcribed Text 4. Suppose that women's participation rate is60%, men's participation rate is70%, women's unemployment rate is5%, and men's unemployment rate is15%. (a) Calculate the employment to population ratio for men and for women (that is,PmEmandPwEw). Which one is higher? (b) Hours of work per person is defined as total hours divided by the (adult) popu-lation. If women who are employed work on average10%more hours than men, which group supplies more hours per person to the market? To answer this ques-tion you must compare hours of work per person corresponding to the population of each gender16 Every economy comprises of people who are out of the labor force. “Out of the labor force” is an economic term that refers to _______. a. Children below the age of 14 b. People who are retired c. All of the options d. People who are not ready to work
- 31. Which of the following happens when the country's labour is more productive? a.A decrease in total factor productivity b.An increase in real wage c.An increase in real production d.A decrease in factor incomeWho would be included in the labor force? a. Louie, who is waiting for his new job to start b. Daisey, who has become discouraged looking for a job and has quit looking c. Donald, an unpaid stay-at-home father d. None of the above is correct.Economists use labour-market data to evaluate how well an economy is using its most valuable resource— its people. Two closely watched statistics are the unemployment rate and the employment-population ratio. Explain what happens to each of these in the following scenarios. In your opinion, which statistic is the more meaningful gauge of how well the economy is doing? a. An auto company goes bankrupt and lays off its workers, who immediately start looking for new jobs. b. After an unsuccessful search, some of the laid-off workers quit looking for new jobs. c. Numerous students graduate from college but cannot find work. d. Numerous students graduate from college and immediately begin new jobs. e. A stock market boom induces newly enriched 60-year-old workers to take early retirement. f. Advances in healthcare prolong the life of many retirees
- Question 1Let’s assume that a country in the Caribbean reports the following labour statistical data to its citizen in 2011.Labour force: 140,200Individuals under 16 years: 12,400Employment: 132,700Imprisonment: 980 Working age population: 210,900 Armed forces: 18,600 Use the information given to calculate the following:a) Unemployment rateb) Labour force participation ratec) Employment to population ratiod) Institutionalized population ratioe) Not in the labour forcef) Working age population ratioSuppose statistics show that the number of employed workers has increased in Economy A, but the unemployment rate does not fall. Explain why that may be the case. Thanks.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
