Fill in the blanks using the number that corresponds to the correct word or phrase below 1. Labor statistics 2. Labor force participation rate 3. underemployed 5. census 7. Discouraged workers 4. Percentage or rate 6. Not in the Labor force An individual with a college degree in finance who is working as a sales clerk would be considered Those who have stopped looking for employment and, hence, are no longer counted in the unemployed are classified as The percentage of adults in an economy who are either employed or who are unemployed and looking for a job is called

Fill in the blanks using the number that corresponds to the correct word or phrase below 1. Labor statistics 2. Labor force participation rate 3. underemployed 5. census 7. Discouraged workers 4. Percentage or rate 6. Not in the Labor force An individual with a college degree in finance who is working as a sales clerk would be considered Those who have stopped looking for employment and, hence, are no longer counted in the unemployed are classified as The percentage of adults in an economy who are either employed or who are unemployed and looking for a job is called

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Item Value (thousands of persons) Unemployed 11,777 Employed 145,407 Not in labor force 108,773 Prison population 2,907 what is the size of the civilian labor force in this country in thousands of persons?
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When calculating the employment-population ratio, what goes in the denominator? A. The total population size of a country B. The total male population size of a country C. Number of civilians at least 16 years of age in the country D. Number of people who want to work in the country
PLEASE HELP ANSWER THIS QUESTION
An individual who has a job but has been temporarily absent, with or without pay, is classified as A) unemployed. B) employed. C) not in the labour force. D) a discouraged worker.
Question Help The table gives information about a nation's labor force. Labor Market Data What is the number unemployed? Labor force 143.7 milion Not in labor force 714 million The number unemployed is million. Employed 136.9 million >>> Answer to 1 decimal place.
Question 5. Unemployment (a) A country labor force is 18. There are 8 children, 1 active duty servicemember, and 9 retirees over age 67. The labor force participation rate is 58%. Find the country's population. Show work. (b) In the country from (b), in addition to the 8+1+9 people, 4 more don't have jobs. Of the four, two are looking. Find the country's unemployment rate. (c) A country is undergoing a jobless recovery and one person falls victims to it. The country's labor supply indicators pick it up: both the unemployment rate and the labor force participation drop. Determine if the person is discouraged from job searching or is underemployed. Motivate your answer using the labor supply categories. Be concise and to the point.
The country of Bada has collected the following information: Population (working age). 240,000 Employed 180,000 Unemployed 30,000 Calculate: Labor Force = Unemployment rate = Labor-force participation rate = Classify each of the following individuals in one of the following categories: employed, unemployed, or not in the labor force. . Scott has a Ph.D. He worked full-time but doesn't like his job as a dishwasher. He has applied for jobs with three companies and five universities. As soon as he gets an offer, he'll quit his current job.
8. The total population of a country is 1 million. Of this 120,000 are pensioners (retired), 160,000 are below the age of 16 and about 20,000 cannot take up a job because either they are under institutional care or hospitalized and unfit to work. About 14,000 do not want to take up a job (therefore they do not even look for a job for a long period of time) and about 7,000 are estimated to be on average in a state of a change in their life and employment (however they are actively looking for employment). The economy is subject to high seasonal variations therefore at the month of January (at which the current labour survey is contacted) about 70,000 summer period employees (working in the tourist industry) are temporarily out of work, waiting to be called back to work in March when the season begins. 12,000 are out of work and are actively looking to find a job while an additional 3,000 are newcomers in the labour force who have been given a job offer and are expected to start working…
Age Employed (Thousands of People) Unemployed (Thousands of People) Not in Labor Force (Thousands of People) 16 to 19 years 5,074 827 10,853 20 to 24 years 14,132 1,127 6,137 25 to 54 years 98,833 3,850 23,014 55 to 64 years 26,064 835 14,792 65 years and over 9,234 343 39,964 Total 153,337 6,982 94,759 1) What is the national Unemployment rate? 2) Complete the following table by computing the unemployment rate for each age group. Age Unemployment Rate 16 to 19 years 20 to 24 years 25 to 54 years 55 to 64 years 65 years and over 3) Which of the following groups has an unemployment rate lower than the national average unemployment rate?
The table below uses data for the year 2003 provided by the Bureau of Labor Statistics and adjusted to be comparable to U.S. data. All values are in thousands. Fill in the blank entries in the table. Adult Labor Population Force, Country Japan 109,474 France 16,870 Germany 70,159 $9,591 Labor-Force Unemployment articipation Rate Rate Employed Unemployed 62,510 3,500 2,577 9.69 57.41
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