Some individuals are unemployed because they are laid off from their jobs when the economy is sluggish. These individuals would be considered a) structurally unemployed. O b) cyclically unemployed. O c) marginally attached workers. O d) frictionally unemployed. O e) overemployed.
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- Suppose 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.Between 2008 and 2009, total Canadian employment increased by 277,000 workers, but the number of unemployed workers increased by 400,000. Which of the following statements are consistent with this finding? Check all that apply. O. The labour force increased. O. The labour force decreased. O. The number of discouraged workers increased. O. The adult population decreased.
- 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?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…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. False
- What is natural rate of unemployment? When do we say an economy has full employment? 2. Identify what type of unemployment will result from the following scenarios a. Jane has completed college and quit her job at Tim Horton so she can work full-time in her marketing field: b. The clothing store George used to work for was shut down as the clothing brand is now selling all its collection through its online website: c.The business Hank was working for had to shut down as there has been a decrease in overall demand in the economy:Explain whether each of the following changes in the composition of the labor force is likely toaffect frictional or structural unemployment and increase or decrease the measured natural rate ofunemployment.(a) A “baby boom” causes an increase in the share of young workers (age 16–24) as a percentageof the labor force. (b) A loosening of federal restrictions on eligibility for disability benefits leads to an increase inthe number of people receiving disability paymentsConsider an economy with 500 people in the labor force. At the beginning of every month, 5 people losetheir jobs and remain unemployed for exactly one month; one month later, they find new jobs andbecome employed. In addition, on January 1 of each year, 20 people lose their jobs and remainunemployed for six months before finding new jobs. Finally, on July 1 of each year, 20 people lose theirjobs and remain unemployed for 6 months before finding new jobs.1. What is the unemployment rate in this economy in a typical month?2. What fraction of unemployment spells lasts for one month? What fraction lasts for six months?3. What is the average duration of completed spell of unemployment?4. On a particular date, what fraction of the unemployed are suffering a long spell (six months) ofunemployment? plz solve part 4 ? Thanks.
- Suppose that Congress or your country's Legislature passes legislation making it more difficult for firms to fire workers during this COVID-19 period. (An example is a law requiring severance pay for fired workers.) If this legislation reduces the rate of job separation without affecting the rate of job finding, how would the natural rate of unemployment change? Do you think that it is plausible that the legislation would not affect the rate of job finding? Why or why not?kindly assist Which of the following individuals may NOT be considered unemployed in official labor statistics?A. A recent college graduate actively seeking their first job.B. A retiree who has left the workforce and does not wish to work.C. A part-time worker who wants a full-time job but cannot find one.D. A person who lost their job and is actively looking for new employment.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…