A) Alexander is self-employed in his old job as a carpenter - employed. Being self employed as Carpenter he is earning so he will be counted in the labor force as employed
B) Alexander moves to Florida and begins looking for work. - unemployed. As Alexander did not get the job and still looking for a job, he will be in the labor force as unemployed
C) Alexander feels discouraged looking for work and stops applying for jobs- not in the labor force. As Alexander has given up looking for joining so he will no more be counted in the labor force so he is not in the labor force.
D) Alexander starts looking for work again. unemployed. Alexander has started looking for job but he has not got the job yet so he will be in the labor force as unemployed.
E) Alexander starts work at a new job. Employed. Alexander has started working so he will be in the labor force as employed.
The options for all these are: Unemployed Not in the labor force Employed 183P AG EC...
Respondents to the household survey end up in one of three primary categories: employed, unemployed, or not in the labor force. • An employed person is someone who worked for pay, worked for his or her own business, or was on temporary leave from a paid position during the week of the survey. • An unemployed person is someone who did not work during the survey week but was available to work and had searched for employment at some point...
Who would be counted as unemployed according to official statistics? Select one: a. Rick, who has recently retired b. Peppy, who is waiting to be recalled after a temporary layoff c. Bryan, who neither has a job nor is looking for one d. Chris, a full-time student who is not looking for work
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...
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...
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 StructuralFrictionalCyclical Megan just graduated from college and is looking for a full-time position with an investment banking firm. Larry left his job as a plumber when his wife took a position in another region. The quantity of plumbing services demanded is considerably lower in the new region, in part because of high union-negotiated...
Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work. They are counted as part of the labor force by the Bureau of Labor Statistics. They have given up on looking for a job. They are employed workers who want to earn higher wages. The following table...
2. Discouraged workers Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. They are full-time workers who would like to work only part-time. They have given up on looking for a job. They are counted as part of the labor force by the Bureau of Labor Statistics. They have not looked for a job in 4 weeks (or longer), but they would like a...
Suppose the labor market has the following statistics: Unemployed=1million, Employed=4million, Adult population= 7million. (a) Suppose of the 1million unemployed, 80,000 of them find jobs every month; of the 4million employed,160,000 lose their jobs every month. (i) Calculate and interpret the steady state rate of unemployment (ii) Give an example of a policy that would reduce the rate of job separation. (iii) Suppose this policy reduces the number of people losing their jobs from 160,000 to 120,000. Calculate and explain 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 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...
Which of the following includes everyone in the adult population that the Bureau of Labor Statistics counts as "unemployed"? Anyone not employed who is available for work and has looked for work in the past 4 weeks or who is laid off and waiting to be called back to work anyone who is not employed, is available for worked and anyone who is temporarily absent from work due to illness or vacation anyone who is not employed, is available for...