In each of the following, what happens to the Unemployment Rate? Alexa recently graduated from University of Briton and is searching for a job. After losing a full time banking job, Eric is working as a part-time salesman in a company. Emma was running a successful garment business, however, after incurring heavy losses, she decided to close it down. It’s been almost eight months since the closure. Instead of joining Microsoft’s job offer, Martin joined his family’s business. Elsa’s husband died last week. She is desperately searching for a job to make her ends meet. She has a son who is 4 years old. Elsa during her five years of marriage, never did any sort of job as her husband was the bread earner of the family.
In each of the following, what happens to the Unemployment Rate? Alexa recently graduated from University of Briton and is searching for a job. After losing a full time banking job, Eric is working as a part-time salesman in a company. Emma was running a successful garment business, however, after incurring heavy losses, she decided to close it down. It’s been almost eight months since the closure. Instead of joining Microsoft’s job offer, Martin joined his family’s business. Elsa’s husband died last week. She is desperately searching for a job to make her ends meet. She has a son who is 4 years old. Elsa during her five years of marriage, never did any sort of job as her husband was the bread earner of the family.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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- In each of the following, what happens to the
Unemployment Rate? - Alexa recently graduated from University of Briton and is searching for a job.
- After losing a full time banking job, Eric is working as a part-time salesman in a company.
- Emma was running a successful garment business, however, after incurring heavy losses,
she decided to close it down. It’s been almost eight months since the closure.
- Instead of joining Microsoft’s job offer, Martin joined his family’s business.
Elsa’s husband died last week. She is desperately searching for a job to make her ends meet. She has a son who is 4 years old. Elsa during her five years of marriage, never did any sort of job as her husband was the bread earner of the family.
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Unemployment rate = [Unemployed / Labor force] * 100
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