Unemployment rate ............. when more people .................... or ........................ A) declines / find jobs / enter the labor force B) declines / find jobs / take a vacation C) declines / find jobs / withdraw from the labor force D) increases / lose jobs / run out of unemployment insurance compenstation E) increases / lose jobs / enter the labor force

Unemployment rate ............. when more people .................... or ........................ A) declines / find jobs / enter the labor force B) declines / find jobs / take a vacation C) declines / find jobs / withdraw from the labor force D) increases / lose jobs / run out of unemployment insurance compenstation E) increases / lose jobs / enter the labor force

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter7: Unemployment And Inflation

Section: Chapter Questions

Problem 1.3P

See similar textbooks

Similar questions

Ahmed has just graduated with a PhD degree in refinery product optimization. He is currently residing in the Eastern Province looking for a job in the refining industry. He is structurally unemployed He is frictionallly unemployed He is cyclically and structurally unemployed He is frictionally and structurally unemployed QUESTION 7 A country has a labor force of 1,000,000 and 50,000 of discouraged workers. The unemployment rate is 10%. If the number of discouraged workers increases to 100,000, then the new unemployment rate is 10% 10.53% 5% 5.26%
The unemployment rate statistic published by the Bureau of Labor Statistics may underestimate the magnitude of the unemployment problem in the economy because a) all part-time workers are counted as "employed" even though some would prefer to work full-time (i.e. are underemployed). b) some workers are working in jobs for which they are overqualified (also underemployed). c) "discouraged workers," who are no longer looking for work, are not counted in the labor force. d) all of the above.
Calculate unemployment rate and labor force participation rate for both 2019 and 2020 given the following information in 2019 there were 14,000 people employed 1000 people unemployed and 1200 people not in the labor force in 2020 the following event occurred 800 people who are looking for hired 600 people were fired from their jobs and only half started looking for a new job 200 people quit their jobs and not look for new 300 people who are not working decided to start looking 650 people retired and 200 people who were looking decided to stop looking due to lack of success
Considering the wage-setting relation, which one of the following will definitely result in a decrease in the natural rate of unemployment? (a) An increase in the mark-up of firms; (b) A decrease in the unemployment rate; (c) An increase in the expected price level; (d) A reduction in the labour laws protecting workers.
Suppose the unemployment rate is 7% under one of these two outcomes and 5% under the other. Based on the previous graph, you would expect to be associated with the higher unemployment rate (7%).
In August of 2020, the United States unemployment rate was 8.4%; in September, it was 7.8%. Which of the following is true? There is a 7.7% decrease in the United States unemployment rate from August to September, 2020. There is a 0.077 percentage point decrease in the United States unemployment rate from August to September, 2020. There was a 0.071 percentage point decrease in the United States unemployment rate from August to September, 2020. There was a 0.6% decrease in the United States unemployment rate from August to September, 2020. There was a 7.1% decrease in the United States unemployment rate from August to September, 2020.
In March 2016 American employers added 215,000 positions to their payrolls, bringing the average job increase for the year to more than 200,000 per month. At the same time, though, the official unemployment rate actually went up, from 4.9% to 5.0%. What is a likely explanation? The labor force has decreased “Discouraged workers” re-entered the labor force The number of people working part-time has increased The number of volunteering positions in the U.S. economy has decreased
During the initial months of the COVID pandemic, the number of unemployed people in the State of Illinois peaked at 1,108,211 in April 2020. By December 2021, the number of unemployed in Illinois had dropped down to 324,510 people. What is the overall percent decrease in the number of unemployed people in Illinois from April 2020 to December 2021? Please round your answer the nearest percent. Show your work.
Q.1.4 Out of 20 million people in the population, 9 million people are in the labour forceand 3 million are unemployed, therefore the unemployment rate is:(1) 3 percent. (2) 15 percent. (3) 30 percent. (4) 33,3 percent.
Why is the unemployment rate never zero, even at full employment? The unemployment rate is never zero, even at full employment, because _______. A. there are always new workers entering the labor market to search for work, workers leaving one job to search for another job, and workers who have been laid off and are searching for another job B. there are always people without jobs because of family responsibilities such as caring for children or elderly parents C. people make lifestyle choices such as early retirement, gap years, and movements from high-stress to low-stress jobs D. cyclical unemployment is always present in the economy
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.
Economists use labor-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 (calculated as the percentage of the adult population that is employed). Indicate what happens to the unemployment rate and the employment–population ratio in each of the following scenarios. Scenario Effect On... Unemployment Rate Employment–Population Ratio An auto company goes bankrupt and lays off its workers, who immediately start looking for new jobs. After an unsuccessful search, some laid-off workers quit looking for new jobs. Numerous students graduate from college and immediately begin new jobs. Advances in health care prolong the lives of many retirees.