The BLS reports six different unemployment rates--the official unemployment rate U-1 and five other unofficial rates. True False

What are three problems with the measurement of unemployment, and how might these problems undermine our trust in official unemployment figures? Explain

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 the unemployment rate in an economy where the entire adult population can be categorized as follows: • 32 million people employed • 2 million people unemployed • 1 million discouraged workers, and • 1 million people who are either students, homemakers, retirees, or other people not seeking employment. 6.3% 5.6% 5.9% 4.8%

Labor force participation rate 60%, Population (assume everyone is over 16 years of age, civilian, non-institutionalized in this economy) 150 million, Unemployment rate=5% Calculate the number of people Employed

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The towns of Sawyer and Thatcher each have a labor force of 800 people. In Sawyer, 100 people were unemployed for the entire year, while the rest of the labor force was employed continuously. In Thatcher, every member of the labor force was unemployed for 1 month and employed for 11 months. a. What is the average unemployment rate over the year in each of the two towns? Instructions: Enter your responses rounded to one decimal place. Sawyer: %. Thatcher: %.

A person who has been field is not considered unemployed? True or False

The table describes hypothetical employment statistics for a country in a given year. Full-time workers and voluntary part-time workers 156 million Labor force 168 million Involuntary part-time workers Discouraged workers Based on the information, what is the unemployment rate? Enter your answer as percentage rounded to one decimal place. 4 million 2 million %2