Full-time workers1000Layoffs due to recession90Retirees50Laid off in need of additional education20Layoffs due to decrease in consumerspending80Full-time students75Persons in-between jobs35Graduates seeking jobs40Part-time workers500Individuals under 16 years30Discourages job seekers65Stay at home parents15Layoffs due to antiquated job skills25Institutionalized persons10Physically unable to work15Use the above data to answer the followingquestions. Total number of persons frictionallyunemployed 801154075

when people leave their old jobs but haven't yet found new ones or currently looking for jobs, are…

Answered: Use the above data to answer the…

Business

Economics

Use the above data to answer the following questions. Total number of persons frictionally unemployed

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 5P

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Question

Full-time workers
1000
Layoffs due to recession
90
Retirees
50
Laid off in need of additional education
20
Layoffs due to decrease in consumer
spending
80
Full-time students
75
Persons in-between jobs
35
Graduates seeking jobs
40
Part-time workers
500
Individuals under 16 years
30
Discourages job seekers
65
Stay at home parents
15
Layoffs due to antiquated job skills
25
Institutionalized persons
10
Physically unable to work
15
Use the above data to answer the following
questions. Total number of persons frictionally
unemployed

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