What is the current U.S. unemployment rate? Why has it changed over the last years or so?

Q: Name two jobs that you think would be affected by seasonal unemployment. Explain why they would be…

A: Seasonal unemployment: It is a type of unemployment in which people remain unemployed during…

Q: When the following events happen, does the unemployment rate rise (R), fall (F), or stay the same…

A: Since number of unemployment people increase, unemployment rate increases (R).

Q: What is the difference between being unemployed and being out of the labor force? How do you…

A: Unemployed people are those who do not have a job, have actively sought for employment in the…

Q: What is the current U.S. unemployment rate?  Why has it changed over the last 15 years or so?

A: The current U.S. unemployment rate is 3.6%.

Q: In this country, million people are unemployed, and the unemployment rate is %. (Round your…

A: Unemployment ; The number of people unemployed in this case is calculated as follows; Unemployment =…

Q: The US unemployment rate increase from 4.6% in July 2001 to 5.9% by June 2002 without studying the…

A: Cyclical unemployment occurs when individuals lose their jobs due to a downturn in the economy’s…

Q: uppose that, in on the US states, the civilian adult noninstitutional population is 16.5 million,…

A: Unemployment refers to a situation when employable workers are unable to seek a job at the existing…

Q: In an economy, if 5 percent of the employed lose their job every month (s = 0.05) and 15 percent of…

A: Steady-state rate of unemployment is sometimes known as the natural rate(NR) of unemployment. The…

Q: The country of Altimina has a population of 150,000. According to the latest data, there are 20,000…

A: total population = 150000 not looking for work = 20000+30000 = 50000 no. of people looking for work…

Q: What and when was the highest value of the unemployment rate?  What was the approximate value of the…

A: Since we answer maximum 3 subparts at a time the first 3 subparts will be answered here. Please…

Q: Define unemployment. What is natural rate of unemployment? Why do you think unemployment as risen so…

A: Unemployment is the one of the macroeconomic variables which is used to shows the condition of the…

Q: In an economy, 23 million people are employed and 2 million are unemployed, but 5 million part-time…

A: The unemployment is the situation when people who are willing and able to work but they are not able…

Q: What are the different types of unemployment? Which of these is most likely to be affected by…

A: Unemployment means the people who are actively looking for job but it not able to find the job. It…

Q: What is meant by the full employment or the natural rate of unemployment? Which type of unemployment…

A: In an economy, unemployment refers to the situation when labor supplied exceeds labor demand in the…

Q: If the labor force increases, but the number of people unemployed stays the same, what happens to…

A: Labor Force = Number of Employed + Number of Unemployed Unemployment rate = number of…

Q: Suppose an economy has 10,000 people who are not working but looking and available for work and…

A: Given:- Unemployed people(people who are not working)=10,000 People employed(or working)=90,000 To…

Q: Now suppose people who had been seeking jobs become discouraged, and give up their job searches. The…

A:

Q: What are the three major types of unemployment? What are their causes?

A: Definition: Unemployment- Unemployment occurs when a person is above a working-age and actively…

Q: What is happening to unemployment in the US economy?

A: The worker who wants to work but still does not fund employment opportunities is known as an…

Q: Why shouldn’t every adult without a job be classified as part of the official unemployment rate?…

A: Unemployment rate: The unemployment rate is a useful indication of underutilization of the labor…

Q: In Country X, the population is 100 million, 60 million people are employed, 5 million are not…

A: Labor force is the sum of unemployed and employed workers. People who are willing and able to work…

Q: Imagine that during an expansion the U.S. economy adds 300,000 jobs. In addition, because of the…

A: The unemployment rate is the proportion of the labor force that is not currently employed but are…

Q: How is the unemployment rate a useful measure and how it is not a useful measure; and, what are the…

A: Answer -  Unemployment rate - It is the ratio which is total no. of unemployed people to the total…

Q: Find the relative change in the unemployment rate during 2008.

A: Relative change in the unemployment rate during 2008 can be calculated by comparing the unemployment…

Q: Jimmy just graduated from a top medical school and is currently deciding which  hospital emergency…

A: Unemployment refers to the state in which a person does not have any job even though he is actively…

Q: Is it feasible for both the number of employed individuals in the economy and the unemployment rate…

A: Total Labor Force consists of both employed and unemployed.  Unemployment Rate = Total Unemployed /…

Q: Suppose the number of employed people in an economy is 121,166,640. The unemployment rate in this…

A: Given: The number of employed people in an economy is = 121,166,640 The unemployment rate is = 10.4%…

Q: Who reports the official U.S. unemployment rate? How frequently is the survey that determines…

A: The unemployment rate is the rate that doesn’t have a job but actively seeking it from the total…

Q: The U.S. unemployment rate increased from 4.6% in July 2001 to 5.9% by June 2002. Without studying…

A: The fluctuation in the pattern of unemployment which is caused due to change in business cycle, when…

Q: What is the trend on long-term unemployment and why does it hurt more than the short term…

A: The situation that depicts people who are in turn able and also willing to work but are not able for…

Q: List and define the three types of unemployment. And give an example of each of them. What is the…

A: 1) Definition: Unemployment occurs when a person who is actively searching for employment unable to…

Q: Now suppose 4,000 of the people looking for work get discouraged and give up their searches. What…

A: A percentage representation of the number of jobless people in relation to the total number of…

Q: What is the current unemployment rate and the labor force participation rate

A: Introduction : Unemployment is a term referring to individuals who are employable and actively…

Q: If the labor force of 160 million people is growing by 1.2 percent this year, how many new jobs have…

A: Unemployment: It is the situation when people have the ability and willingness to work but do not…

Q: Under what condition would an increase in the unemployment rate be a positive sign?

A: Answer: Frictional unemployment is a temporary phenomenon, which is caused due to cyclical economic…

Q: A radio commentator stated that with 10% unemployment rate, 11 million people out of the total…

A: The unemployment rate is the percentage of the total labor force that is unemployed but actively…

Q: Is it possible to have decrease in unemployment rate at the same time as there is less people…

A: Unemployment rate is used to estimate the actual economic growth because increased output with…

Q: What is the value of the unemployment rate in them most recent period on your graph?

A: Unemployment is an important concept in economics. It refers to the situation where an individual…