1. Are all people over 18 who are not working counted as unemployed by the Bureau...
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...
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...
5. (5 pts) (Recall that to be counted as unemployed by the Bureau of Labor Statistics (BLS), ment rate (U3) individuals must be actively looking for work.) Assume that the unemploy is currently 6%. Individuals are currently required to be actively looking for work to qualify for unemployment benefits. If the Federal government altered policy required individuals to be actively looking for work in order to qualify for unemployment benefits, what would happen to U3: would it increase or decrease?...
Simply counting the number of unemployed workers will not necessarily give the Bureau of Labor Statistics (BLS) the most accurate indication of the extent of underemployment in the economy. Some part-time workers will be counted as employed even if they'd like to work full-time. Furthermore, some jobless workers will not qualify as unemployed because they have given up on their job search, frustrated with their inability to find work. Fortunately, the BLS can use the information provided in the household...
3. What is the definition of an "unemployed" person according to the U.S. Bureau of Labor Statistics? Find out the U.S. rates of unemployment for 1979-2018 and plot them into a graph. (a) "The unemployment rate has gone down, which means the economy is doing really well." True or false? Explain. (b) What are the three types of unemployment? Explain each one. What is natural rate of unemployment?
1. Find data from the Bureau of Labor Statistics website (www.bls.gov) indicating the current unemployment rate in the United States. How many people are actually unemployed? What kind of unemployment would you say most of these people are? Why? Unemployment Rate: _______________ Number unemployed: ________________
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...
People who report being unemployed but who, in fact, are working for “under the table” pay to avoid taxes on their earnings are really employed and therefore cause the reported unemployment rate to be higher than it would otherwise be. a. True b. False
People who report being unemployed but who, in fact, are working for “under the table” pay to avoid taxes on their earnings are really employed and therefore cause the reported unemployment rate to be higher than it would otherwise be. a. True b. False
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...