The labor market is characterized by the flows of workers in and out of unemployment. Select the correct statement(s), w...
The labor market is characterized by the flows of workers in and out of unemployment.
Select the correct statement(s), with reference to the US labor market.
a. Each month, the flows in and out of employment are mostly related to new entrants looking for their first jobs and retirees exiting the market.
b. Each month, the flows in and out of employment are large relative to the number of workers who are unemployed.
c. Each month, the flows in and out of employment are very small compared to the size of the labor force.
d. All of the above are true statements.
Homework Answers
Answer
Option d
d. All of the above are a true statement
The labor market is best described by all the statements as the unemployed is a small fraction of the labor market, the in and out is also a small fraction and depends on the new entrants and retirees .
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