why are civilian and u6 unemployment indicators as unhealthy?
why are civilian and u6 unemployment indicators as unhealthy?
Homework Answers
U6 rate is the unemployment rate which takes into account discouraged workers who are not looking for jobs and also part time workers who want to work full time.Civilian labor force is used to describe Americans, by the Bureau of labor statistics who are either employed or unemployed.It is the sum of employed and unemployed people in the country. A person who is unemployed and has not searched for a job for about 6 weeks is not unemployed and is not a part of labor force. The U6 rate is the true unemployment rate because it takes into account discouraged workers and underemployed workers.The underutilization of labor force in the country is depicted in this rate.So civilian and U6 indicators are not unhealthy.
How does the civilian unemployment rate compare to the U.S. natural rate of unemployment of 5.3%?...
How does the civilian unemployment rate compare to the U.S. natural rate of unemployment of 5.3%? What does this imply about the cyclical rate of unemployment?
Find the size of the civilian labor force from the following data: frictional unemployment = 150,...
Find the size of the civilian labor force from the following data: frictional unemployment = 150, structural unemployment = 200, cyclical unemployment = 225, discouraged workers = 25, underemployed workers = 75, fully employed workers = 850, total population = 2,000. Select one: O a. 1,425 O b. 2,000 c. 1,450 d. 1,500
4 Suppose that the civilian non-institutional working age population is 244,863, the civilian labor force 155,654,...
4 Suppose that the civilian non-institutional working age population is 244,863, the civilian labor force 155,654, and the employment to population ratio 58.6%. a)What is the unemployment rate? b What is the labor force participation rate? c) If the civilian non-institutional population grows by 1% over the next year and the labor force participation rate remains constant, how many jobs must be created over the next year to leave the unemployment rate unchanged? d) If there is no change in...
Why does the Federal Reserve try to foresee future values of such economic indicators as growth...
Why does the Federal Reserve try to foresee future values of such economic indicators as growth of real output, inflation, and unemployment?
“Inflation and unemployment are probably two of the most used economic indicators of how well an economy is doing.” Dis...
“Inflation and unemployment are probably two of the most used economic indicators of how well an economy is doing.” Discuss the relationship between inflation and unemployment using the Philips curve.
(All numbers in thousands) In December 2016, the civilian non-institutional population was 254,742. The number of...
(All numbers in thousands) In December 2016, the civilian non-institutional population was 254,742. The number of employed workers was 152,11 The number of unemployed workers was 7,529. The number not in the labor force is 95,102. What was the labor force participation rate? What was the employment rate? What was the unemployment rate? Why might the unemployment rate might underestimate the severity of an economic downturn?
1.The U6 measure of unemployment is approximately 1/2 the U3 official rate. True False 2.Market failure...
1.The U6 measure of unemployment is approximately 1/2 the U3 official rate. True False 2.Market failure is the focus of the Keynesian School. True False 3.The monetary base is composed of currency in circulation and bank reserves, and is known as "high powered money." True False 4.In the Great Depression, U.S. industrial production fell by approximately: 46.8%. 10.2%. 90%. 23.3%. 5.The Great Recession in the Idaho (2007-2009) was not as severe as the 1980-1982 recessions. True False 6.From the end...
3. ASSUMING THE TOTAL POPULATION IS 100 MILLION, THE CIVILIAN LABOR FORCE IS 50 MILLION, AND...
3. ASSUMING THE TOTAL POPULATION IS 100 MILLION, THE CIVILIAN LABOR FORCE IS 50 MILLION, AND 47 MILLION WORKERS ARE EMPLOYED, THE UNEMPLOYMENT RATE IS_PERCENT. 4. IF THE UNEMPLOYMENT RATE IS 9 PERCENT AND THE NATURAL RATE OF UNEMPLOYMENT IS 5 PERCENT, THEN THE CYCLICAL UNEMPLOYMENT RATE IS PERCENT
Workers Category Frictional unemployment Structural unemployment Cyclical unemployment Discouraged workers 250 350 600 400 Underemployment 450 2. According to data in Exhibit 12-3 and assuming the to...
Workers Category Frictional unemployment Structural unemployment Cyclical unemployment Discouraged workers 250 350 600 400 Underemployment 450 2. According to data in Exhibit 12-3 and assuming the total number of workers is 8,400, the civilian labor force is: a. b. 8,000 8,800 7,550. с. d. 8,400. e.
Workers Category Frictional unemployment Structural unemployment Cyclical unemployment Discouraged workers 250 350 600 400 Underemployment 450 2. According to data in Exhibit 12-3 and assuming the total number of workers is 8,400, the civilian...
Question 19 4 pts Exhibit 6-2 Civilian Civilian Employed Noninstitutional Year Labor Force Persons Population (millions)...
Question 19 4 pts Exhibit 6-2 Civilian Civilian Employed Noninstitutional Year Labor Force Persons Population (millions) (millions) (millions) 250 200 175 400 2 300 200 400 3 500 350 720 4 1000 800 Refer to Exhibit 6-2. The unemployment rate in year 3 is O 33 1/3 percent. O 121/2 percent. 50 percent. O 25 percent. O 66 2/3 percent.
Find the size of the civilian labor force from the following data: frictional unemployment = 150, structural unemployment = 200, cyclical unemployment = 225, discouraged workers = 25, underemployed workers = 75, fully employed workers = 850, total population = 2,000. Select one: O a. 1,425 O b. 2,000 c. 1,450 d. 1,500
4 Suppose that the civilian non-institutional working age population is 244,863, the civilian labor force 155,654, and the employment to population ratio 58.6%. a)What is the unemployment rate? b What is the labor force participation rate? c) If the civilian non-institutional population grows by 1% over the next year and the labor force participation rate remains constant, how many jobs must be created over the next year to leave the unemployment rate unchanged? d) If there is no change in...
“Inflation and unemployment are probably two of the most used economic indicators of how well an economy is doing.” Discuss the relationship between inflation and unemployment using the Philips curve.
3. ASSUMING THE TOTAL POPULATION IS 100 MILLION, THE CIVILIAN LABOR FORCE IS 50 MILLION, AND 47 MILLION WORKERS ARE EMPLOYED, THE UNEMPLOYMENT RATE IS_PERCENT. 4. IF THE UNEMPLOYMENT RATE IS 9 PERCENT AND THE NATURAL RATE OF UNEMPLOYMENT IS 5 PERCENT, THEN THE CYCLICAL UNEMPLOYMENT RATE IS PERCENT
Workers Category Frictional unemployment Structural unemployment Cyclical unemployment Discouraged workers 250 350 600 400 Underemployment 450 2. According to data in Exhibit 12-3 and assuming the total number of workers is 8,400, the civilian labor force is: a. b. 8,000 8,800 7,550. с. d. 8,400. e.
Workers Category Frictional unemployment Structural unemployment Cyclical unemployment Discouraged workers 250 350 600 400 Underemployment 450 2. According to data in Exhibit 12-3 and assuming the total number of workers is 8,400, the civilian...
Question 19 4 pts Exhibit 6-2 Civilian Civilian Employed Noninstitutional Year Labor Force Persons Population (millions) (millions) (millions) 250 200 175 400 2 300 200 400 3 500 350 720 4 1000 800 Refer to Exhibit 6-2. The unemployment rate in year 3 is O 33 1/3 percent. O 121/2 percent. 50 percent. O 25 percent. O 66 2/3 percent.
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