Measurement- Employment and Unemployment Q's

Data on the unemployment rate in the U.S. since 1960 show that the unemployment rate is

never zero

Who in the adult population is counted as "employed" in U.S. labor statistics?

people who are temporarily absent from their job and people who work without pay in a family member's business

Structural unemployment is unemployment:

that occurs because wages don't fall to bring labor demand and labor supply into equilibrium.

Josh is a full-time college student who is not working or looking for a job. The Bureau of Labor Statistics counts Josh as

neither in the labor force nor unemployed.

Noah is an unpaid stay-at-home father who is not currently searching for paid work. Pete is a full-time student who is not looking for a job. Who is included in the labor force by the Bureau of Labor Statistics?

neither noah or pete

If the frictional rate of unemployment is 1%, the structural rate of unemployment is 2.1%, and the total unemployment rate is 7%, then we can conclude that:

the equilibrium rate of unemployment is 3.1%.

If the frictional rate of unemployment is 1.45%, the structural rate of unemployment is 2.3%, and the total unemployment rate is 6%, then we can conclude that:

the equilibrium rate of unemployment is 3.75%.

The table shows statistics for three Canadian cities at several different points in time. What was the unemployment rate in Vancouver in January 2019?

5.2%

The table shows Canada's labor force characteristics. What was Canada's unemployment rate in May 2019?

5.4%

Meredith is looking for work as a computer programmer. Although her prospects are good, she has not yet taken a job. Julie is looking for work in a steel mill. Every time she shows up for an interview, there are more people looking for work than there are openings. Someone waiting in line with her tells her it has been that way for a long time.

Meredith is frictionally unemployed, and Julie is structurally unemployed.

Refer to Table 28-2. The labor-force participation rate of Aridia in 2010 was

80%

Cyclical unemployment is unemployment:

due to a temporary downturn in the economy.

Which of the following can help you protect yourself from the harmful effects of unemployment?(i) Build up some savings.(ii) Watch for new opportunities even while you are employed.(iii) Maintain a good network of friends and colleagues who might be able to refer you to new jobs.(iv) Send out as many job applications as possible.

(i), (ii), (iii,) and (iv)

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

(number unemployed / labor force) x 100

John is a stockbroker. He has had several job offers, but he has turned them down because he thinks he can find a firm that better matches his tastes and skills. Curtis has looked for work as an accountant for some time. While the demand for accountants does not appear to be falling, there seems to be more people applying than jobs available.

John is frictionally unemployed, and Curtis is structurally unemployed.

Adam is looking for a job in marketing. He has had some offers and his prospects are promising, but he has not yet accepted a job. Amanda lost her job working for Mercury Bicycles because many customers decided they prefer bicycles manufactured by Ultimate Bicycles instead. Who is frictionally unemployed?

both adam and amanda

Which of the following people could qualify as a "discouraged worker"?

Leonard, who thinks there are no jobs available and has given up trying to find work

Who would be included in the labor force?

Louie, who is waiting for his new job to start

Frictional unemployment is unemployment:

due to the time it takes for employers to search for workers and for workers to search for jobs.

Refer to Table 28-2. The number of adults not in the labor force of Aridia

increased both from 2010 to 2011 and from 2011 to 2012.

A marginally attached person is one who:

is unemployed, has looked for a job within the past year, but has now stopped looking.

Which of the following is a reason that male labor force participation has declined over the last several decades in the United States?

more men opting to complete college

​Daniel goes on vacation for four weeks. When he returns the company puts him on layoff for four weeks during which he waits to be recalled. In which weeks is Daniel counted as unemployed, if any?

​the second four weeks but not the first four weeks

Jai Li just lost her job, and she has not yet started looking for a new one. The Bureau of Labor Statistics counts Jai Li as

neither in the labor force nor unemployed.

Refer to Table 28-5. Suppose that the natural rate of unemployment is 5% for those under 55 and 3% for those 55 and older. The cyclical unemployment rate for those under 55 is

0.88% which is less than the cyclical unemployment rate for those 55 and older.

The table shows Canada's labor force characteristics. How many people were employed in Canada in May 2019?

19,056,800

In a 2016 to 2017 labor force survey, the working age population in Uganda was 18,843,000. The labor force was 9,932,000. What was the labor force participation rate in Uganda?

52.7%

In 2014, the Italian adult non-institutionalized population was 38.8 million, the labor force was 25.4 million, and the number of people employed was 22 million. According to these numbers, the Italian labor-force participation rate and unemployment rate were about

65.5% and 13.4%

Refer to Table 28-4. What is the adult male labor-force participation rate in Meditor?

66.7%

Refer to Table 28-3. How many adults were not in Baltivia's labor force in 2009?

7,400

Refer to Table 28-4. What is the adult female unemployment rate in Meditor?

7.1%

Which of following people can be classified as cyclically unemployed?

Ben, who worked in an auto assembly plant but was laid off when the company downsized due to poor market conditions

The working age population includes people who are:

age 16 or older who are not in the military or institutionalized.

Suppose that some people are counted as unemployed when, to maintain unemployment compensation, they search for work only at places where they are unlikely to be hired. If these individuals were counted as out of the labor force instead of as unemployed, then

both the unemployment rate and labor-force participation rate would be lower.

Some individuals would like to have a job, but they have given up looking for a job after an unsuccessful search. These individuals are called

discouraged workers, and they are not classified by the Bureau of Labor Statistics as unemployed.

Over the past several decades in the United States, the labor-force participation rate of women has

increased, and the labor-force participation rate of men has decreased.

Which of the following is a cause of the changing role of women in American society over the past several decades?

-new technologies that have reduced the amount of time required to complete routine household tasks -improved birth control -changing political and social attitudes