During the Great Recession of 2008, many workers became discouraged and dropped out of the labor force. What counterintuitive effect does this have on the unemployment rate?     The unemployment rate rises to reflect deteriorating conditions in the labor market     The unemployment rate stays the same since discouraged workers are not counted     The unemployment rate declines even though employment conditions are deteriorating.      The unemployment rate rises but the labor force participation rate will decline

Q: When the following events happen, does the unemployment rate rise (R), fall (F), or stay the same…

A: Since number of unemployment people increase, unemployment rate increases (R).

Q: The overall population for Region A is 88 million people. The labor force contains 42 million…

A: Unemployment rate is the rate which shows the how much people have skills and able to work but don't…

Q: A) What was the unemployment rate? Show your work.   B) What was the labor force participation…

A: Unemployment rate is the percentage of the labor force that is jobless and actively seeking…

Q: The BLS survey reported the numbers in the table for a small community of 320 people. Calculate the…

A: Labor force are the members of the working age population who are currently looking for a job or has…

Q: whole story. Discuss what the unemployment rate is telling us. Explain what the unemployment rate…

A: In January , the working age population is given by 254.1 million Out of this , employed = 152.1…

Q: Suppose a country has a working-age population of 200 million, with 6.82 million unemployed and…

A: Unemployment rate refers the rate of the person who willing to work and have skills but dont have…

Q: The amount of unemployment that an economy normally experiences is called the typical rate of…

A: Unemployment can be defined as the state of being without a job or occupation. It refers to the…

Q: Here is some data for an economy. Population: 22.5 million Population under the age of 16 years: 7.5…

A: The objective of the question is to calculate the unemployment rate in the economy based on the…

Q: Consider two hypothetical countries. In Country A, 18 percent of the labour force is unemployed for…

A: Those who are ready to work and able, but unable to find employment opportunities are referred to be…

Q: In each of the following cases, classify the person as cyclically unemployed, structurally…

A: A person is considered as unemployed if he is able and willing to work but is unable to find job…

Q: For each of the following events, choose whether the unemployment rate increases, decreases, stays…

A: (a). The correct option is the unemployment rate stays the same. This is because individuals that…

Q: Full employment is not considered to be zero unemployment, because there are not enough jobs for…

A: The natural rate of unemployment is the sum of frictional and structural unemployment.  Frictional…

Q: Which one of the following will increase the officially reported level of unemployment?     A)…

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: In the United States, the unemployment rate indicates the ________.   A percentage of the labor…

A: Unemployment in an economy is a situation where the people of a given country who want to work are…

Q: Not all groups in our society experience equal opportunity to work. The purpose of this discussion…

A: The unemployment rate refers to the percentage of the workforce that is out of work. It's a poor…

Q: A country has 20 employed workers, 5 unemployed workers still actively seeking jobs, and 10…

A: The unemployment rate, u in short, conveys the portion of labor not used by the industries. It is…

Q: Suppose a number of workers decide to quit their jobs and enter retirement. Assuming this is the…

A: Answer: (1). Increase (2). Decrease Explanation: If some number of people quit their jobs and enter…

Q: When the following events happen, does the unemployment rate rise, fall, or stay the same? Briefly…

A: The unemployment rate is the proportion of employed people who are also unemployed in a given…

Q: Why is the unemployment rate considered to by some to be an incomplete measure of economic hardship…

A: The unemployment rate is considered by some to be an incomplete measure of economic hardship and…

Q: The town of Marble Falls has 10 workers, of which 8 were employed and 2 were actively seeking work.…

A: Unemployment has the potential to stunt the development and expansion of the economy by lowering…

Q: Calculate the unemployment rate based on the following information: Working-age population: 219…

A: Unemployment is an economic problem that occurs when people who are able and willing to work fail to…

Q: : This economy is not currently at its natural rate of unemployment.

A: Natural rate of unemployment refers to the unemployment existing in the economy regardless of the…

Q: Labor force participation rate 60%, Population (assume everyone is over 16 years of age, civilian,…

A: Unemployment rate: - it is the percentage of people out of the total labor force who are able and…

Q: 2. Discouraged workers Which of the following statements correctly describe discouraged workers? (If…

A: A discouraged worker or labor is a person who can work and eligible for employment but is unemployed…

Q: Assuming the total population is 100 million, the civilian labor force is 80 million, and 76 million…

A: Unemployment Rate = [(Labor Force - Employed) / Labor Force]*100%

Q: Consider two hypothetical countries. In Country A, 18 percent of the labour force is unemployed for…

A: Comparing the two countries, unemployment in country A is unevenly distributed. However, in the case…

Q: Identify each person in the table as structurally, frictionally, or cyclically unemployed.…

A: Cyclical unemployment occurs due to the business cycle in the economy . When there is a recession,…

Q: ers u

A: Unemployment is when people who want to work are unable to find jobs.

Q: Why shouldn’t every adult without a job be classified as part of the official unemployment rate?…

A: Unemployment rate: The unemployment rate is a useful indication of underutilization of the labor…

Q: f the number of people in the labor force is 170 million and 155 million people are employed, then…

A: labor force = employed + unemployed thus unemployed= 170-155 mn = 15 million

Q: The table describes hypothetical employment statistics for a country in a given year. Full-time…

A: The labor force comprises of those who are employed as well as those who are unemployed and looking…

Q: In an economy, the working-age population iš 100 million Uf this total, 75 million workers are…

A: Working-age population=100 million Employed: People who are working in a paid job=75 million…

Q: During the initial months of the COVID pandemic, the number of unemployed people in the State of…

A: Unemployment is the situation where a person is looking for job and interested to work at prevailing…

Q: The following table shows data on frictional, cyclical, structural, and total unemployment for an…

A: Given: Frictional unemployment = 1.0 Cyclical unemployment = 0.0 Structural unemployment = 3.1 Total…

Q: Based on the following data, compute a) the unemployment rate, b) the structural unemployment rate,…

A: (a) The unemployment rate is defined as the proportion of the total labor force (includes both…

Q: Even an economy that is operating at peak efficiency will have a positive unemployment rate.…

A: Unemployment rate is the percentage of labor labor willing and able to work, are unable to find a…

Q: Fill in the following table by calculating the official unemployment rate and the U-4 measure of…

A: Unemployment is a situation in which persons who are able, willing and looking for jobs are unable…

Q: A country's structural unemployment rate is 4.2%, the natural unemployment rate is 5.6%, and the…

A: The unemployment rate is the sum of structural unemployment, frictional unemployment, and cyclical…

Q: The following table includes information on the unemployment rates among workers.   Unemployment…

A: The unemployment rate refers to the portion of the total working labor that is not involved in any…

Q: Bell-land's unemployment rate is 7.2%. The ruler of Bell-land ( a wonderful, wise middle-aged woman…

A: Unemployment is a world wide problem. Basically it is generated due to low demand of labour in…

Q: Assume you are told there are 3,000,000 in a country's labor force, 5,000,000 in the population, and…

A: Labor force= employed+unemployed Unemployed = 3,000,000-2,820,000 = 180,000

Q: In August of 2020, the United States unemployment rate was 8.4%; in September, it was 7.8%.  Which…

A: The % change formula is: % change =New -oldOld*100

Unemployment and Cost of Unemployment

Unemployment is the state of being unemployed, even when an individual is actively seeking work opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed.