Perhaps the part of the economy that people see most directly is the labor market. These include topics like employment, unemployment, and related aspects of this market. These questions and their answers (released after this assignment is due) will help you prepare for the next quiz.
Category | Millions |
total population | 310 |
population 16 and above | 250 |
employed | 192 |
unemployed | 8.00 |
structurally unemployed | 4.00 |
frictionally unemployed | 2.00 |
unemployed more 27 weeks or more | 2.00 |
marginally attached workers | 2.00 |
discouraged workers | 1.00 |
workers who are part time but want full time | 0.10 |
1.What is the value of the natural rate of unemployment?
2.What is the U-6 unemployment rate? It is sometimes called the "underemployment rate" or a "broad measure of unemployment.
1. Natural Rate of Unemployment = Frictionally Unemployed + Structurally Unemployed / Labour Force
= 2.00 +4.00 / 192
= 6.00/192
= 0.03125
2. U-6 Unemployment rate = Unemployment + Discouraged workers + Marginally attached workers +
workers who are part time
= 8+1+2+0.10
= 11.1
Perhaps the part of the economy that people see most directly is the labor market. These...
Category Millions total population 310 population 16 and above 250 employed 192 unemployed 8.00 structurally unemployed 4.00 frictionally unemployed 2.00 unemployed more 27 weeks or more 2.00 marginally attached workers 2.00 discouraged workers 1.00 workers who are part time but want full time 0.10 What is the value of the natural rate of unemployment? What is the U-6 unemployment rate? It is sometimes called the "underemployment rate" or a "broad measure of unemployment.
8.00 Category Millions total population 310 population 16 and above 250 employed 192 unemployed structurally unemployed 4.00 frictionally unemployed 2.00 unemployed more 27 weeks or more 2.00 marginally attached workers discouraged workers 1.00 workers who are part time but want full time 2.00 0.10 What is the value of the natural rate of unemployment? What is the U-6 unemployment rate? It is sometimes called the "underemployment rate" or a "broad measure of unemployment.
Category Millions total population 310 population 16 and above 250 employed 192 unemployed 8.00 structurally unemployed 4.00 frictionally unemployed 2.00 unemployed more 27 weeks or more 2.00 marginally attached workers 2.00 discouraged workers 1.00 workers who are part time but want full time 0.10 Please calculate the labor force participation rate. What is the "headline" (U-3) unemployment rate?
You should recall that in class we introduced one way of measuring long-term unemployment. From data in the above table, what would it be? Category Millions total population 310 population 16 and above 250 employed 192 unemployed 8.00 structurally unemployed 4.00 frictionally unemployed 2.00 unemployed more 27 weeks or more 2.00 marginally attached workers 2.00 discouraged workers 1.00 workers who are part time but want full time 0.10
The data in this table is used in questions 1-6. Category Millions total population 310 population 16 and above 250 employed 192 unemployed 8.00 structurally unemployed 4.00 frictionally unemployed 2.00 unemployed more 27 weeks or more 2.00 marginally attached workers 2.00 discouraged workers 1.00 workers who are part time but want full time 0.10 In this table you'll find numbers for the discouraged workers and the marginally attached. Do the values above make sense -- could they happen in an...
Category Millions total population 310 population 16 and above 250 employed 192 8.00 unemployed structurally unemployed 4.00 frictionally unemployed 2.00 unemployed more 27 weeks or more 2.00 marginally attached workers 2.00 discouraged workers 1.00 workers who are part time but want full 0.10 time What is the "headline" (U-3) unemployment rate? You should recall that in class we introduced one way of measuring long-term unemployment. From data in the above table, what would it be? For this question and the...
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Consider an adult who lost their job last week and now has moved to a new city and is actively searching for a new one. They lost their previous job but their skills are very current and in demand. Which of the following categories would they be in? There may be more than one . Group of answer choices unemployed more than 27 weeks or more a discouraged worker working part time but wants full time work marginally attached frictionally...