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