People who report being unemployed but who, in fact, are not trying to find a job are really not in the labor force and therefore cause the reported unemployment rate to be higher than it would otherwise be. O True O False

During the course of a year, the labor force consists of the same 886 people. Of these, 23 lack skills that employers desire and hence remain unemployed throughout the year. At the same time, every month during the year, 35 different people become unemployed, and 35 other different people who were unemployed find jobs. There is no cyclical unemployment. a. Calculate the frictional unemployment rate. %. (Enter your response as a percentage rounded to two decimal places). Enter your answer in the answer box and then click Check Answer. parts remaining Clear All Check Answer

What is meant by "full employment"?  Why is full employment desirable?  Can we have both full employment and unemployment at the same time?.

If the nubmer of unemployed workers doubled to 11.6 million and the labor forcoe didn't change. what would the unemployment rate be? ____ percent? Screenshot attached thanks

Pablo used to work for a marketing firm. Although he liked his job, he had to resign because it took him too much time to commute to work. After resigning, he searched for a job, and within a month, he found a better job that was closer to his home. In the given scenario, the duration of Pablo's unemployment exemplifies Oseasonal unemployment O structural unemployment O frictionar unemployment Ocyclical unemployment

Which of these scenarios would result in an decrease of the unemployment rate as well as an increase in the labour force participation rate? O O Some working people decide to retire early Some unemployed people decide to stop looking for a job Some women come back to the labor market after years of raising the kids at home and start looking for a job Some full time, not working students graduate from college and

Illustrate and explain the relationship between inflation and unemployment

s Assume you have the following information about an economy: Labor Force of an Economy Sumber of People (nillions) 243.8 153.6 90.2 144.2 Population over age 16 Labor force Not in the labor force Employed Unemployed Instructions: Round your answers to two decimal places a. What is the unemployment rate in this economy? b. What is the labor force participation rate? c. Assume that 0.9 million discouraged workers decide to start looking for work again, thereby increasing the number of officially unemployed workers by 0.9 million. What is the unemployment rate now? d. What is the new labor force participation rate?