Discouraged workers a. are part of the labor force b. are part of frictional unemployment c. are part of the structural unemployment d. none of the above

Fill in the blanks using the number that corresponds to the correct word or phrase below Labor statistics Labor force participation rate underemployed Percentage or rate census Not in the Labor force Discouraged workers     An individual with a college degree in finance who is working as a sales clerk would be considered  . Those who have stopped looking for employment and, hence, are no longer counted in the unemployed are classified as  .  The percentage of adults in an economy who are either employed or who are unemployed and looking for a job is called  Unemployment is calculated as a    The Bureau of  tracks and reports all data related to unemployment. Children should be counted as  Those who  have quit looking fo a job, often due to being discouraged by their inability to find suitable employment are counted as  The U.S. unemployment rate, which is based on a monthly survey carried out by the U.S.  Bureau.

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Suppose that you are given the following information: Total Population Adult, noninstitutionalized, nonmilitary population Unemployed adults 300 million 214 million 5 million a. If the labor force participation rate is 75.0%, calculate the size of the labor force: 160.5 million (Enter your response rounded to one decimal place.) b. Determine the number of Employed adults: million. (Enter your response rounded to one decimal place)

Does the existence of unemployment insurance eliminate the economic costs of unemployment?

Full-time workers Part-time workers Not working, but seeking employment Discouraged workers Retired Incarcerated Adult population 45.000 B) The unemployment rate= 10,000 15.000 1.000 A) The labor force participation rate= 5.000 500 100,000

List and describe the 3 types of unemployment. Give an example of each.

The type of unemployment that is associated with labor market frictions or job search is referred to as: a. cyclical unemployment b. seasonal unemployment c. frictional unemployment d. structural unemployment

Of the following groups, who is eligible for unemployment insurance benefits? A The unemployed who quit their jobs B The unemployed who were laid off because their previous employers no longer needed their skills C) The unemployed who were fired for cause D The unemployed who just entered the labor force

Suppose that when college students look for a part-time job, it takes on average 2 weeks to find one. After one finds a job, it typically lasts 14 weeks. a. Calculate the rate of job finding and the rate of job separation in weeks for college students. b. What is the natural rate of unemployment for college students?