Macroeconomics (Fourth Edition)
4th Edition
ISBN: 9780393615340
Author: Jones, Charles I.
Publisher: W. W. Norton & Company
expand_more
expand_more
format_list_bulleted
Question
Chapter 7, Problem 1RQ
To determine
Explain the US employment population ratio.
Expert Solution & Answer
Explanation of Solution
The US experiences an increase in the employment population ratio. This general rise in employment population results by a drastic increase in the number of women arriving in the labor market. In the last recession, employment-to-population ratio had fallen from 62.8 percentage to 58.4 percent (from 2008 to 2013), which means that there is a 4.4 percent of decrease in the employment-to-population ratio. This decline represents that about 10.5 million jobs vanished from the labor market.
Want to see more full solutions like this?
Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Chapter 7 Solutions
Macroeconomics (Fourth Edition)
Knowledge Booster
Similar questions
- Would you expect the natural rate of unemployment to remain the same within one country over the long run of several decades?arrow_forwardWould you expect the natural rate of unemployment to be roughly the same in different countries?arrow_forwardAssess whether the following would be counted as unemployed in the Current Employment Statistics survey. A husband willingly stays home with children while his wife works. A manufacturing worker whose factory just closed down. A college student doing an unpaid summer internship. A retiree. Someone who has been out of work for two years but keeps looking for a job. Someone who has been out of work for two months but isnt looking for a job. Someone who hates her present job and is actively looking for another one. Someone who decides to take a part time job because she could not find a full time position.arrow_forward
Recommended textbooks for you
- Principles of Economics 2eEconomicsISBN:9781947172364Author:Steven A. Greenlaw; David ShapiroPublisher:OpenStaxExploring EconomicsEconomicsISBN:9781544336329Author:Robert L. SextonPublisher:SAGE Publications, Inc
- Economics (MindTap Course List)EconomicsISBN:9781337617383Author:Roger A. ArnoldPublisher:Cengage Learning
Principles of Economics 2e
Economics
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:OpenStax
Exploring Economics
Economics
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:SAGE Publications, Inc
Economics (MindTap Course List)
Economics
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Cengage Learning