Economics - Labor and Unemplyment

the labor force is defined as men and women ___ years and over who are either working or actively looking for a job

16

the lowest unemployment rate in the US was

2.5%

the highest unemployment rate ever recorded in the US was

25%

as of 2018, the federal poverty line/level for a family of four in the US is

25,100

the US unemployment rate for October 2018 was

3.7%

full employment would mean an unemployment rate if approximately

4%-5%

the current New York State unemployment rate is

4.1%

women comprised of _____ of the total labor force according to the most recent government survey

47%

the current unemployment rate is the lowest in ____ years

49

it is estimated that illegal immigrants make up _____ of the work force

5%

according to the US department of education's most recent data, women earned ________ of all bachelor's degrees awarded in the US

58%

the underemployment rate (people in part-time jobs who want full-time work or people in jobs that don't employ their skills) in the US is at

7.5%

working women, on average, make _____ cents for every dollar earned by their male counterparts

79

the state with the highest unemployment rate at 6.5% is currently

Alaska

______ had the lowest unemployment rate which was 3.2%

Asians

the unemployment rate is monitored and published by

Bureau of Labor Statistics

________ has the highest percent of illegal immigrants. Illegal immigrants make up 7.8% of the total population

California

the state with the lowest unemployment rate at 2.2% is currently

Hawaii

from 2010-2020, _____ will have the largest percentage increase in the American labor force

Hispanics

this state has the most job openings for college graduates

Massachusetts

the _____ industry hires more illegal immigrants than any other. In fact, illegal immigrants take 25% of all work in this industry

agriculture

the most sought after Bachelor's degree by employers in 2018 is

finance

which is not a benefit associated with full employment? harder for employers to find employees the wage gap is narrowing the demand for food stamps are decreasing more people entering the workforce workers are transitioning to better jobs

harder for employers to find employees

although full employment is a positive occurrence it could lead to this economic condition

inflation

what is the most dangerous job in America according to the U.S. Bureau of Labor Statistics?

logger

which group would not be considered part of the unemployment people who have become to frustrated to look for a job people available for work and can not find work people who made a specific effort to find a job but could not find one people who worked less than one hour for pay for profit

people who have become to frustrated to find a job

the level of income just sufficient to provide a family with a minimally adequate standard of living

poverty line/level

in September 2018, _________ had the highest unemployment rate which was 11.9%

teenagers

the unemployment rate is calculated by _________ divided by ______

the number of unemployed individuals/the total umber of persons in the civilian labor force