Chapter 9

African Americans

As of September 2011, which of the following demographic groups has the highest unemployment rate?

was more severe than economists and policymakers realized at the time

In 2013, the BLS analyzed and revised its employment data for the period December 2007- December 2010. According tot hat revision, the recession of 2007-2009

No, the economy could have created more jobs, but some were also lost during that period

In his 2013 State if the Union address, President Barack Obama observed that during that previous four years, "our businesses have created over six million new jobs." Is it likely that the U.S. economy created only about six million jobs during this time period?

the establishment survey because it is determined by actual payroll records rather than unverified answers

Many economists prefer

Frictionally unemployed

Suppose John Q. Worker is currently unemployed. Each day, John Q. Worker spends the entire day searching available job openings for an appropriate position given his set of skills, abilities, and interests. If someone asks John Q. what he does for work, he tells that that is currently "in between jobs" Which of the following best classifies John Q.'s unemployment status?

a discouraged worker

Suppose that you are available to go to work but have not looked for a job for at least the last four weeks because you believe that there aren't any jobs available

rising; falling

Two important trends in the labor force participation rates of adults aged 20 and over in the United States since 1948 are the ___ labor force participation rate of adult women and the ___ labor force participation rate of adult men.

-the natural rate of unemployment prevails -the unemployment rate is greater than 0 -all remaining unemployment is either frictional or structural

When the economy is at full employment

It is decreasing for men and increasing for women

Which of the following best describes a current rend in the labor force participation rate?

The household survey interviews households and measures the unemployment rate whereas the establishment survey interviews businesses and measures the employment rate

Which of the following depicts an accurate description of the household survey and the establishment survey?

They had worked only one hour per week during the previous four weeks

Which of the following is not one of the conditions someone needs to meet to be counted as unemployed?

Number of unemployed/ labor force x100

Which of the following is the correct formula for calculating the unemployment rate?

Unemployment Rate=Number of Employed/Labor Force x100

the unemployment rate is calculated as follows