Structural unemployment is sometimes said to result from a mismatch between the job skills that employers want and the job skills that workers have. To explore this idea, consider an economy with two industries: auto manufacturing and aircraft manufacturing. If workers in these two industries require similar amounts of training, and if workers at the beginning of their careers can choose which industry to train for, what would you expect to happen to the wages in these two industries?

How can seasonal unemployment be alleviated? Should it be alleviated? Why or why not?

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.

Classify each of the below individuals as employed, unemployed, not in the labor force, or not in the adult, civilian, non-institutionalized population. A 14-year old who babysits on the weekend:  employed, unemployed, not in the labor force, or not in the adult, civilian, non-institutionalized population. An active-duty soldier who volunteers without pay in the community:  employed, unemployed, not in the labor force, or not in the adult, civilian, non-institutionalized population. A parent who has stopped looking for jobs in order to take care of the children:  employed, unemployed, not in the labor force, or not in the adult, civilian, non-institutionalized population. A student who has begun applying for jobs but has not yet found one:  employed, unemployed, not in the labor force, or not in the adult, civilian, non-institutionalized population. An actor who works part-time at a restaurant but is looking for full-time work:  employed, unemployed, not in the labor force, or not in…

You're advising a democratic government, and the leaders ask you about what kind of labor market regulations it should consider. Its only goal--I really mean only!--is to keep the unemployment rate as low as possible. It's considering a law that would make it expensive to fire workers, in order to reduce the number of workers entering the pool of the unemployed.  According to labor search theory, what effect would this have on the job separation rate? On the job hiring rate? On the average (or steady-state) unemployment rate?  Be sure to answer all three questions, and also answer this fourth question: Can you give this government clear advice to their precise question, or will your answer be a version of "It depends"?

The Australian Bureau of Statistics recently reported a change in unemployment rate from 5.2% to 6.2%.With your understanding of unemployment, underemployment and others, do you believe this change is reflective of the employment situation in Australia? Discuss

Suppose that in an economy, the rate of job separation is 0.01 per month and the rate of job finding is 0.08 per month. Given these numbers, what is the natural rate of unemployment?

Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. O They have given up on looking for a job. V They are full-time workers who would like to work only part-time. O They are counted as part of the labor force the Bureau of Labor Statistics. O They are dissatisfied with their current jobs and are considering quitting. The following table contains U.S. employment information from July 2019. Civilian Population Employed Unemployed Discouraged (Persons 16 years old and over) (Persons) (Persons) (Persons) 259,225,000 157,288,000 6,063,000 368,000 The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measure of labor underutilization, which is calculated as follows: U-4 = 100 x Unemployed+Discouraged Labor Force + Discouraged Fill in the following table by calculating the official unemployment…

Which of the following would NOT be considered unemployed? Group of answer choices A laid off autoworker from Michigan looking for a new job in California. A drama school graduate who gives up looking for acting jobs in Hollywood. A college student home for the summer looking for a construction job. A former engineer looking for a part-time job to supplement their income.

If you are out of school but working part time, are you considered employed or unemployed in U.S. labor statistics? If you are a full time student and working 12 hours a week at the college cafeteria are you considered employed or not in the labor force? If you are a senior citizen who is collecting social security and a pension and working as a greeter at Wal-Mart are you considered employed or not in the labor force?