Here are four individuals telling you their stories of how they became unemployed. In a multi-paragraph...
The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics.Identify each person in the table as structurally, frictionally, or cyclically unemployed.Unemployment TypeAutomobile demand has fallen during a recent recession, and Hilary has been laid off from her job on the assembly line.Crystal just graduated from college and is looking for a full-time position with an investment banking firm.Brian recently lost his job as a dishwasher. Minimum-wage legislation keeps employers from adding more...
The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics. Identify each person in the table as structurally, frictionally, or cyclically unemployed. Unemployment Type Structural Frictional Cyclical Raphael recently lost his job as a dishwasher. Minimum-wage legislation keeps employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. Becky is a real estate agent. House sales in her area have declined because...
Below, you are introduced to four different unemployed workers and provided with information about their personal unemployment situation. You will classify these workers as cyclically unemployed, frictionally unemployed, or structurally unemployed. Azizur: “I am a stand-up comedian. Well, I was a stand-up comedian. I lost my job during the last recession, and I still haven’t found work. This isn’t a joke.” Casey: “I used to repair portable CD players, like the Sony Walkman. Do you remember the Sony Walkman? Well,...
The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics. Identify each person in the table as structurally, frictionally, or cyclically unemployed. Unemployment Type Structural Frictional Cyclical Frances is a physician who has decided to relocate to California to be closer to her family. She is currently interviewing with several prestigious hospitals in the San Francisco Bay Area. Dmitri recently lost his job as a dishwasher. Minimum-wage legislation keeps employers from adding...
#4.1 One labor market quirk that helps explain why unemployment goes up so much in a recession is that wages are flexible upward but "sticky" downward. a price floor called a "minimum wage law" exists for the labor market. machines could "replace" humans in the labor market. firms are "demanders" of labor, rather than suppliers. #8.1 The accompanying list describes the responses of four individuals to a Bureau of Labor Statistics (BLS) survey of employment. 1. Mollie just graduated from...
macroeconomic Macroeconomics HW 6 Unemployment 1. How would you classify the labor-force status (employed, unemployed, not in LF) of the following? a. A bank manager who is currently not working because she took a year off to take care of a newborn child. b. A 14 year old who works 10 hours per week at Six Flags. c. A 16-year-old who is doing 20 hours per week of unpaid work in his father's business. d. An auto worker whose union...
Consider a small economy composed of six people: Felix, Janet, Larry, Megan, Susan, and Raphael. Each person's employment status is described in the following table. Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person's status as employed, unemployed, "not in the labor force" (if not in the civilian labor force but still part of the adult population), or "not in the adult population" if not in the civilian adult population. Person Status Felix is...
(b) According to the article, “The growing ranks of unemployed graduates are worrying the authorities”. What does this suggest about the relative size of the labour demand and labour supply shocks? IDLE HANDS;SKILLED BUT JOBLESS article THRONGS OF YOUNG people roam around the makeshift booths in an exhibition hall in northern Beijing. They are at a job fair organised by the municipal government, aimed at unemployed college graduates. Like most jobseekers in attendance, Su Jian has brought along a stack...
Incorrect Question 11 0/2 pts When you look at countries that have high levels of GDP and compare them to countries with very low levels of GDP, what, according to our text, can you say about the relationship between GDP and leisure time? There is a positive relationship between a country's GDP and the average amount of leisure time enjoyed by its citizens (the higher GDP, the more leisure time on average) There is no direct relationship between a country's...
2. Wendy’s friend Bob worked for the same software company but they didn’t renew his contract. Now he’s applying for jobs, but can’t collect unemployment benefits because he wasn’t technically an employee. Bob is: Not in the labor force but "marginally attached" Unemployed Not in the labor force and not "marginally attached" 3. Jim works in construction, but his project got shut down for a week because of a snowstorm. As a result, Jim didn’t get paid. He’ll go back...