The answer is C that is jeanette. She lost her job as an aircraft designer in a milatery aircraft compny. NOw over a year she is searching for a job but no one is interested in her old skills. It is due to the technological skills have been changed over a period of time. As she was out of job almost for a year her skills became outdated . Structural umplyment arises due to the technological change come in that particular field and people skill become obselete.
Use the following information to answer the next question. 42 The following items describe the responses...
#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...
If the Consumer Price Index was 170 in one year and 180 in the next year, then the rate of inflation was approximately Multiple Choice O 5.9 percent 7.2 percent O 0 5.5 percent O O 6.3 percent < Prev 35 of 50 !! Next > Walte unit you sig ingin Which of the following measures the changes in the prices of a 'market basket of some 300 goods and services purchased by typical urban consumers? Multiple Choice O the...
. For each of the following people in the US, determine if he/she is (i) employed; (ii) structurally unemployed; (iii) frictionally unemployed; (iv) cyclically unemployed; (v) not in the labor force but work eligible; or (vi) not work eligible (Explanations are not required) Lin lost her job due to a recession. The economy has recovered but she still cannot find a job. Her skills are not needed in the economy any more. Tim has just relocated to Seattle, he is...
Q.1 (18 points) A. For each of the following people in the US, determine if he/she is (i) employed; (ii) structurally unemployed; (iii) frictionally unemployed; (iv) cyclically unemployed; (v) not in the labor force but work eligible; or (vi) not work eligible (Explanations are not required) (a) Lin lost her job due to a recession. The economy has recovered but she still cannot find a job. Her skills are not needed in the economy any more. (b) Tim has just...
Person Edison is a 44-year-old autoworker who was laid off from his job 6 months ago. He is frustrated with his inability to find a new full-time position. Last week, he took a part-time job but was given only 3 hours of work. Hilary is a 36-year-old autoworker who was just laid off by her employer . She is trying to find any kind of job to help make ends meet. Kevin is a 45-year-old accountant who has been out...
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" but still part of the civilian noninstitutional population, or "Not in the civilian noninstitutional population" if not in the civilian noninstitutional population.PersonKevin is a 49 -year-old autoworker who was laid off from his job 6 months ago. He is frustrated with his inability to find a new full-time position. Last week, he took a part-time job...
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...
Name That Unemployment Classify the people described in each of the following scenarios as either frictionally, structurally, or cyclically unemployed. Phil is currently unemployed because the tire factory where he used to work installed robots, which replaced 500 laborers, including Phil. Jessica is unemployed because she is in the process of reentering the labor force after taking time off to have a baby. Mary is unemployed because she lost her job at McDonald’s after the province increased the minimum wage....
Read the information provided. Then explain which law(s) (could be more than one law) would protect each of the following job applicants and how it would protect them. 1. Imara, an 18-year-old high school graduate with multiple sclerosis. 2. Medgar, a 55-year-old electrician who has been laid off from an aircraft plant. 3. Elliott, a 54-year-old pilot who lost one leg below the knee while flying helicopters during the Vietnam War. 4. Kim, a 14-year-old black student. 5. Maria, a...
Question 18 (3 points) Which one of the following individuals is NOT counted as unemployed? O A 50-year-old woman laid off from her former job because of a downturn in the company's sales and is looking for another job. O A 35-year-old woman fired from her prior work because of poor performance and is looking for another job. O A 22-year-old aspiring actress currently without any show business employment, but she is working temporarily as a waitress while she auditions...