Examine the following expression and analyze it: One of the benefits of unemployment is that it enables a higher quality job search and promotes economic efficiency, but increases the unemployment rate and creates economic recession.

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.

What term describes the remaining level of unemployment that occurs even when the economy is healthy?

Given the below information you are to find the labor force participation rate and the unemployment rate. You must show all work and take all steps to receive credit. Your work must be done in a neat well organized easy to follow manner.   Population                              700,000 Under 16                                   70,000 Incarcerated                              70,000 Retired                                        37,000 Working Part Time Looking For Full Time               77,000 Homemakers                              30,000 Lost Job                                        77,000   17,000 of them have given up looking

Unemployment associated with individuals voluntarily leaving their job can be labelled: (a) seasonal unemployment; (b) discouraged worker syndrome; (c) frictional unemployment; (d) structural unemployment.

Unemployment is a very important topic in macroeconomics. A high unemployment rate means that a lot of individuals willing to work cannot find a job. This is bad for the economy, as some resources (i.e., labour) remain idle. Comment on the effects that being unemployed have on an individual.

The population (age 16 and over) of Pageland is 150 million; 11 million are unemployed, and 89 million hold jobs. What are the rates of unemployment and labor force participation of Pageland? Unemployment is 7 percent, and labor force participation is 88 percent. Unemployment is 7 percent, and labor force participation is 72 percent. Unemployment is 11 percent, and labor force participation is 66 percent. Unemployment is 11 percent, and labor force participation is 89 percent.

Explain two reasons why it might be difficult at times to determine the exact rate of unemployment in a country

What is the natural unemployment rate? What is cyclical unemployment?   What is frictional unemployment? What are possible reasons that would create frictional unemployment? What policies can a government follow to reduce frictional unemployment in a country?  What is structural unemployment? What are possible reasons that would create structural unemployment? What policies can a government follow to reduce structural unemployment in a country?

Explain how frictional unemployment can be good for the economy.