2. Why do economies experience unemployment? Are some types of unemployment worse than others?

7. What kind of indicator is the rate of unemployment? Explain your answer.

Explain in detail, how we define the employed, the unemployed, and who is in the labor force?

of the people described below, who would be counted as unemployed? Choose one or more: A a 55-year-old steel worker who was laid off 18 months ago and has given up trying to find a job OB. a 17-year-old single parent who has just been laid off and is looking for a new job OC. a second lieutenant in the U.S. Army DD. a full-time college student who plans to look for a job after graduation OE. bin able-bodied 53-year-old who took an early retirement package from her employer OF. a newly graduated Ph.D. who could not find a teaching job and is driving a taxi DG. a student who quit college to look for a modeling job in New York

Economic

The graph shows the U.S. unemployment rate as a percent of the labor force during the years surrounding the Great Depression, when did the unemployment rate reach its lowest value? Unemployment Rate Select one: a. 1942 20 c. 1937 25 d. 1933 15 b. 1929 10 5 0 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942

In an economy we have 5000 people unemployed 50000 people employed 10000 people out of the labor force What is the employment rate?