Why is the unemployment rate sometimes high and sometimes low?

Q: What exactly is the natural rate of unemployment?

A: # Let's first understand what's unemployment is.  Unemployment is a situation whereby a person who…

Q: What is the unemployment rate derived from these numbers?

A: Total population: 200,000 Employed: 75,900 Unemployed: 5,440 Not in labor force: 117,060 Total labor…

Q: What is the size of the labor force? million What is the official unemployment rate? %

A: The ‘unemployment’ of an economy is the part of the population which is actively finding jobs and…

Q: Is a decrease in the unemployment rate necessarily a good thing for a nation? Explain.

A: The unemployment rate is that fraction of labour force which is unemployed. The given unemployment…

Q: In this country, million people are unemployed, and the unemployment rate is %. (Round your…

A: Unemployment ; The number of people unemployed in this case is calculated as follows; Unemployment =…

Q: How do you calculate the natural unemployment rate

A: The natural rate of unemployment is the unemployment rate that existing in an economy even when the…

Q: What type of unemployment is most likely to result in a hardship for people who are unemployed?

A: Unemployment is a type of situation in which individuals who are capable and wish to work cannot get…

Q: What is the difference between being unemployed and being out of the labor force?

A: The total labor force in an economy consists of all those people who are employed as well as…

Q: What are the three major types of unemployment?

A: Meaning of Full Employment: The term full employment refers to the situation under which all the…

Q: What is cyclical unemployment?

A: Unemployment is the situation in which the labors are willing to offer their labor power at the…

Q: Self-employment is the best method of solving the problem of growing unemployment in the country. Do…

A: Given statement is that Self-employment is the best method of solving the problem of growing…

Q: In an economy, 23 million people are employed and 2 million are unemployed, but 5 million part-time…

A: The unemployment is the situation when people who are willing and able to work but they are not able…

Q: What is the current U.S. unemployment rate? Why has it changed over the last years or so?

A: Unemployment is a situation where people are jobless in spite of having knowledge and skills.…

Q: How does the presence of a discouraged worker affect the unemployment rate?

A: Let us first explain certain concepts related to unemployment rate.Labor force: In an economy, labor…

Q: what are the proposed solutions to reduce unemployment

A: When job-seeking employees are unable to obtain employment, unemployment results. While…

Q: How can unions result in higher unemployment rates? How would the results differ for someone who…

A:

Q: Suppose an economy has 10,000 people who are not working but looking and available for work and…

A: Given:- Unemployed people(people who are not working)=10,000 People employed(or working)=90,000 To…

Q: Why is the optimal rate of unemployment, from an economic perspective, never zero? Explain.

A: In an economy, an optimal unemployment rate is considered as the lowest natural rate of unemployment…

Q: What is frictional and structural unemployment?

A: Frictional unemployment refers to the unemployment in which people leave a job and search for a new…

Q: Why should we worry about the unemployment rate? (We know that the U.S. has an unemployment…

A: Since all are different questions, we shall answer the first question only. Please resubmit the…

Q: What are the factors that make it hard to determine the unemployment rate?

A: Unemployment rate is the percentage of labor force who are willing to work but is not able to get…

Q: What term describes the remaining level of unemployment that occurs even when the economy is…

A: If the economy is healthy and still have unemployment, then this term is described by natural…

Q: If the population is 300 million, with 70 million under the age of 16 and institutionalized, another…

A: Unemployment refers to the situation where a person who does not have a job but is actively looking…

Q: The causes of unemployment

A: Unemployment is a term which is used for people who are employable and actively looking for job but…

Q: What is the trend on long-term unemployment and why does it hurt more than the short term…

A: The situation that depicts people who are in turn able and also willing to work but are not able for…

Q: During which period is inflation and unemployment inversely related?

A: The inverse relationship between inflation and unemployment can be explained by the short-run…

Q: An economist sees the weekly job finding rate and the monthly job losing rate (which is 0,1 and 0,15…

A: The unemployed population is described by those people who are willing to work and are looking to…

Q: Under what condition would an increase in the unemployment rate be a positive sign?

A: Answer: Frictional unemployment is a temporary phenomenon, which is caused due to cyclical economic…

Q: Why is the optimal rate of unemployment, from an economic perspective, never zero?

A: Answer: The optimal rate of unemployment or natural rate of unemployment refers to the rate of…

Q: Is it possible to have decrease in unemployment rate at the same time as there is less people…

A: Unemployment rate is used to estimate the actual economic growth because increased output with…

Q: what type of unemployment is when a person has been looki for a job about a year already

A: The situation when people who are willing to work, are not able to find a job is referred to as…

Q: In your opinion, which type of unemployment rate is much harder to recover? Thoughts?

A: Unemployment means a situation where large number of people don't have any job.

Q: What are some of the problems with using the unemployment rate as an accurate measure of overall…

A: Answer: There are six measures used by the bureau of labor statistics: Unemployment occurs when…