What would best explain the behavior of the labor force since the Great Recession? Group of...
What would best explain the behavior of the labor force since the Great Recession?
Group of answer choices
a) more discouraged workers than before then the Great Recession
b) more people on payrolls than before the Great Recession
c) more unemployed people searching for work than before the Great Recession.
Homework Answers
C) more unemployed people searching for work than before the Great Recession.
Even during the recovery phase the economies experienced unemployment continuously.
Add Answer to:
What would best explain the behavior of the labor force since
the Great Recession?
Group of...
3. Consider an economy that initially has a labor force of 4000 workers. Of these workers,...
3. Consider an economy that initially has a labor force of 4000 workers. Of these workers, 3000 are employed . The economy enters a recession. The total number of employed workers falls by 10%, and in addition 1% of the labour force become discouraged at the prospect of finding a job and stop searching for a job for more than 4 weeks a) Can you calculate the employment rate given the information above? Explain. b) Calculate the unemployment rate before,...
3. Consider an economy that initially has a labor force of 4000 workers. Of these workers,...
3. Consider an economy that initially has a labor force of 4000 workers. Of these workers, 3000 are employed . The economy enters a recession. The total number of employed workers falls by 10%, and in addition 1% of the labour force become discouraged at the prospect of finding a job and stop searching for a job for more than 4 weeks Can you calculate the employment rate given the information above? Explain. Calculate the unemployment rate before, and after,...
All of the following are reasons why labor force participation has dropped in recent years (since...
All of the following are reasons why labor force participation has dropped in recent years (since 2008) EXCEPT: Select one: a. Many people are retiring at an earlier age O b. More women are deciding to become housewives instead of working O c. Many former workers were discouraged by the recent recession (2008-09) and stopped looking for a job d. People are staying in college longer instead of joining the labor force e. People are living for a longer period...
3. The table below shows unemployment and labor force statistics for an economy. Actual rate of...
3. The table below shows unemployment and labor force statistics for an economy.Actual rate of unemployment3%Natural rate of unemployment4%Population of the country125mitlonNumber of people employed97miltionNumber of people unemployed3 millionNumber of people employed part-time5 millionNumber of discouraged workers2 milliona. Calculate the size of the labor force.b. Calculate the labor force participation rate. Show your work.c. Given the state of the economy described in the table, is actual real output less than, greater than, or equal to potential real output? Explain.d. Calculate...
Question 5 a) Statistics Canada counts as employed people who work part-time but would prefer to...
Question 5 a) Statistics Canada counts as employed people who work part-time but would prefer to work full-time. Suppose the people who had part-time jobs, but wanted full-time jobs, were counted as unemployed. Explain how the unemployment rate and the labour force participation rate would change. b) The labour force survey does not count discouraged workers as unemployed. Suppose discouraged workers were counted as unemployed. Explain how the unemployment rate and the labour force participation rate would change. c) How...
2. Labor Force Participation 75 % #Unemployed =50 million #Working Age Population 200 Million A) Calculate:...
2. Labor Force Participation 75 % #Unemployed =50 million #Working Age Population 200 Million A) Calculate: #Employed, #Labor Force, #Not in Labor Force and Unemployment Rate B) If the economy was in recession and is now starting an expansion would we expect unemployment to increase or decrease? Which types of unemployment should change? C) The next unemployment numbers are reported and unemployment rises, is this consistent with your estímate in B? Explain why the increase in unemployment may be due...
Assume you have the following information about an economy. Labor Force of an Economy Population over...
Assume you have the following information about an economy. Labor Force of an Economy Population over age 16 Labor force Not in the labor force Employed Unemployed Number of People (millions) 243.8 153.6 90.2 144.2 9.4 Instructions: Round your answers to two decimal places. a. What is the unemployment rate in this economy? % b. What is the labor force participation rate? C. Assume that 0.9 million discouraged workers decide to start looking for work again, thereby increasing the number...
The Bureau of Labor Statistics (BLS) adjusts the numbers from the household survey to estimate the...
The Bureau of Labor Statistics (BLS) adjusts the numbers from the household survey to estimate the employment picture for the entire population. Once the adjustment is made, the BLS uses the figures to generate key employment indicators.The following table presents information from the household surveys conducted for November 2017 and, for purposes of comparison, November 2016 . The numbers in the table are listed in thousands. For example, the number of unemployed in the table for November 2017 indicates that...
Many millions of people in the U.S. are retired. Which of the following (there might be more than one) would they be cou...
Many millions of people in the U.S. are retired. Which of the following (there might be more than one) would they be counted in? 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 unemployed structurally unemployed unemployed employed population aged 16 and above total population
Consider the following elements of the economy of Connsylvania for 2019: Not in Labor force 50...
Consider the following elements of the economy of Connsylvania for 2019: Not in Labor force 50 Unemployed 5 Total Population 150 Employed 90 Discouraged Workers 5 Calculate the unemploym rate for Connsylvania in 2019. Show all work. Explain who is in the population listed, but isn't in the calculation. Why are these people excluded from the calculation?
3. Consider an economy that initially has a labor force of 4000 workers. Of these workers, 3000 are employed . The economy enters a recession. The total number of employed workers falls by 10%, and in addition 1% of the labour force become discouraged at the prospect of finding a job and stop searching for a job for more than 4 weeks a) Can you calculate the employment rate given the information above? Explain. b) Calculate the unemployment rate before,...
3. Consider an economy that initially has a labor force of 4000 workers. Of these workers, 3000 are employed . The economy enters a recession. The total number of employed workers falls by 10%, and in addition 1% of the labour force become discouraged at the prospect of finding a job and stop searching for a job for more than 4 weeks Can you calculate the employment rate given the information above? Explain. Calculate the unemployment rate before, and after,...
All of the following are reasons why labor force participation has dropped in recent years (since 2008) EXCEPT: Select one: a. Many people are retiring at an earlier age O b. More women are deciding to become housewives instead of working O c. Many former workers were discouraged by the recent recession (2008-09) and stopped looking for a job d. People are staying in college longer instead of joining the labor force e. People are living for a longer period...
Question 5 a) Statistics Canada counts as employed people who work part-time but would prefer to work full-time. Suppose the people who had part-time jobs, but wanted full-time jobs, were counted as unemployed. Explain how the unemployment rate and the labour force participation rate would change. b) The labour force survey does not count discouraged workers as unemployed. Suppose discouraged workers were counted as unemployed. Explain how the unemployment rate and the labour force participation rate would change. c) How...
2. Labor Force Participation 75 % #Unemployed =50 million #Working Age Population 200 Million A) Calculate: #Employed, #Labor Force, #Not in Labor Force and Unemployment Rate B) If the economy was in recession and is now starting an expansion would we expect unemployment to increase or decrease? Which types of unemployment should change? C) The next unemployment numbers are reported and unemployment rises, is this consistent with your estímate in B? Explain why the increase in unemployment may be due...
Assume you have the following information about an economy. Labor Force of an Economy Population over age 16 Labor force Not in the labor force Employed Unemployed Number of People (millions) 243.8 153.6 90.2 144.2 9.4 Instructions: Round your answers to two decimal places. a. What is the unemployment rate in this economy? % b. What is the labor force participation rate? C. Assume that 0.9 million discouraged workers decide to start looking for work again, thereby increasing the number...
The Bureau of Labor Statistics (BLS) adjusts the numbers from the household survey to estimate the employment picture for the entire population. Once the adjustment is made, the BLS uses the figures to generate key employment indicators.The following table presents information from the household surveys conducted for November 2017 and, for purposes of comparison, November 2016 . The numbers in the table are listed in thousands. For example, the number of unemployed in the table for November 2017 indicates that...
Consider the following elements of the economy of Connsylvania for 2019: Not in Labor force 50 Unemployed 5 Total Population 150 Employed 90 Discouraged Workers 5 Calculate the unemploym rate for Connsylvania in 2019. Show all work. Explain who is in the population listed, but isn't in the calculation. Why are these people excluded from the calculation?
Most questions answered within 3 hours.
-
A 0.510 m0.510 m aqueous solution of KBrKBr has a total mass of
71.0 g.71.0 g....
asked 1 minute ago -
** use your own words, don't copy and paste, don't use
handwriting, please. i need your...
asked 4 minutes ago -
Calculate ΔHrxn for the following reaction: CH4 (g) + 4Cl2(g) →
CCl4(g) + 4HCl(g) Using the...
asked 6 minutes ago -
A.Consider the reaction when aqueous solutions of
chromium(II) sulfate and barium
acetate are combined. The net...
asked 20 minutes ago -
Two forces F1 =
-7.10i + 7.40j and
F2 = 6.80i +
3.40j are acting on...
asked 25 minutes ago -
Search the Internet regarding online Personal Health Records
(PHRs). Is an online personal health record different...
asked 36 minutes ago -
In a lottery game, a player picks 7 numbers from 1 to 43. How
many different...
asked 43 minutes ago -
How would transport and dispersion of pollutants from a coastal
stack be affected by the sea...
asked 44 minutes ago -
the
average length of a hospital stay is 4.8 days. if we assume the
lengths of...
asked 45 minutes ago -
Considering the length of the
resonance tube you used, what is the lowest frequency tuning fork...
asked 1 hour ago -
what is ku klux klan hood and robe? is it against the law? legal or
illegal?...
asked 58 minutes ago -
Imagine that you are the (now former) CEO (Marissa Mayer) of
Yahoo! and wish to eliminate...
asked 1 hour ago