unemployment
in a certain country the labor force is 30 million and the unemployment rate is 5% what is the amount of unemployed individuals in this country
1.5 million
if the number of people classified as unemployed is 50,000 and the number of people classified as employed is 250,000 what is the unemployment rate
16.17%
what does it mean when a person is underemployed
The person has a job but they are overqualified for it.
which of the following applies to discouraged workers
They are not included in the unemployment rate.
discouraged workers
a person who wants a job but has given up looking
beneficial count of the population is
census
unemployment that rises during economic downturns and falls when the economy improves
cyclical unemployment
when does cyclical unemployment take place
cyclical unemployment occurs during economic downturns During recession, or downturns in the business cycle. Economic downturns
Why isn't full employment the same as zero unemployment?
even when an economy is working properly it will experience frictional seasonal and structural unemployment
how can changes in technology or consumer demand make it difficult for people to get jobs
find changing the number or kind of jobs available
unemployment that occurs when people take time to find a job
frictional unemployment
when Alison a college math professor leaves her job at a small college and starts looking for a job and a large Urban University she is
frictionally unemployed
level of employment reached when there is no cyclical unemployment
full employment
what does full employment mean
there is no cyclical unemployment
working a job for which one is overqualified or working part time when full-time work is desired
underemployed
what is the term for a situation in which a person is overqualified for the job he or she has
underemployment
seasonal unemployment
unemployment that occurs as a result of harvest schedules or vacations, or when industries slow or shut down for a season
frictional unemployment
unemployment that occurs when people take time to find a job
structural unemployment
unemployment that occurs when workers' skills do not match the jobs that are available
cyclical unemployment
unemployment that rises during economic downturns and falls when the economy improves
Underemployed
working at a job for which one is overqualified, or working part-time when full-time work is desired
unemployment rate
the percentage of the nation's labor force that is unemployed
what does the unemployment rate represent
the percentage of the total labor force that is unemployed
if there was a recent downturn in the economy and economist predicted a recession then there is a strong possibility that there would be a
rise in cyclical unemployment
unemployment that occurs as a result of harvest schedules or vacations or when industries slow or shut down for a season
seasonal unemployment
what is the difference between seasonal unemployment and structural unemployment
seasonal unemployment is due to changes in production schedules because people lack skills
a knitting factory worker who loses her job because the company has really located the plant to another country is an example of
structural unemployment
knitting factory worker who loses her job because the company has relocated the plant to another country is an example of
structural unemployment
unemployment that occurs when workers skills do not match the jobs that are available
structural unemployment
full employment
the level of employment reached when there is no cyclical unemployment
Census
the official count of a population
