an economy has 10,000 people that are not working (but are looking and available for work) and 90,000 people who are working, what is its unemployment rate? Now suppose that 4,000 of the people looking for work get discouraged and give up on searching. What happens to the unemployment rate? Would this be interpreted as good news for the economy or bad news? Explain

In an economy with 200 million people, 140 million hold civilian jobs and 9 million are not working but are looking for jobs. What is the unemployment rate?

Is it ever possible to have zero unemployment in an economy? Why or why not? Explain in details

Explain whether it is possible for the amount of employed people to decrease while the unemployment rate decreases

Suppose that the labor force in the Canary Islands is 82,452. There are also 1,631 stay-at-home parents in the Canary Islands, and the population is 109,714. Currently, there are 78,125 people employed. What is the unemployment rate, rounded to the closest tenth of a percent? 3.8% 9.0% 28.7% 5.2% 4.8%

The population of Tavua is 24,171 people. There are 16,894 people who are currently working, and 1,434 people who qualify as unemployed. What is Tavua's unemployment rate? Put your answer in percentage form (e.g. 30.51 not 0.3051) and then round to two decimal places.

What would happen to the measured unemployment rate if individuals who had previously left the labor force returned and began searching for a job?

During the initial months of the COVID pandemic, the number of unemployed people in the State of Illinois peaked at 1,108,211 in April 2020. By December 2021, the number of unemployed in Illinois had dropped down to 324,510 people. What is the overall percent decrease in the number of unemployed people in Illinois from April 2020 to December 2021? Please round your answer the nearest percent. Show your work.

The attached chart (Quits: Total Nonfarm) shows the quit rate (the number of who quit their job during the entire month as a percentage of total employment. What happens to the quit rate during the recession of 2007-08? Why?   What happened to the unemployment rate during the recession of 2007-08?  Use your answers to explain why the unemployment rate will never fall to zero and a certain amount of unemployment is desirable.

Use the following data to calculate the unemployment rate. and answer the questions below total adult population = 256,436 persons under 16 = 75,126 total U.S. population = 332,568 # people working= 162,128 retirees = 85,745 total labor force = 172,476 discouraged workers = 15,546 part-time employed = 23,854 1. What is the unemployment rate? 2. Calculate an alternative measure of unemployment by counting discouraged workers as unemployed and counting part time employed as 1/2 employed and 1/2 unemployed. 3. Discuss under what conditions in the labor market it might be more accurate to use one method versus the other.