PopulationEmployedStructurally UnemployedFrictionally UnemployedCyclically Unemployed1,500,000750,00025,00025,00050,0001,000,000Non-institutionalizedAdults22. Using the table above calculate the unemployment rateа. 5.6%b. 6.5%C. 7.1%d. 9.8%e. 11.8%23. Using the table above calculate the labor force participation ratea. 60%b. 70%C.80%d. 90%е.100%24. The amount of output that is not captured in the production function is considereda. unreconcilableb. total factor productivity

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Population Employed Structurally Unemployed Frictionally Unemployed Cyclically Unemployed 1,500,000 750,000 25,000 25,000 50,000 Non-institutionalized 1,000,000 Adults 22. Using the table above calculate the unemployment rate a. 5.6% b. 6.5% C. 7.1% d. 9.8% е. 11.8% 23. Using the table above calculate the labor force participation rate а. 60% b. 70% с. 80% d. 90% е. 100% 24. The amount of output that is not captured in the production function is considered a. unreconcilable b. total factor productivity

Population Employed Structurally Unemployed Frictionally Unemployed Cyclically Unemployed 1,500,000 750,000 25,000 25,000 50,000 Non-institutionalized 1,000,000 Adults 22. Using the table above calculate the unemployment rate a. 5.6% b. 6.5% C. 7.1% d. 9.8% е. 11.8% 23. Using the table above calculate the labor force participation rate а. 60% b. 70% с. 80% d. 90% е. 100% 24. The amount of output that is not captured in the production function is considered a. unreconcilable b. total factor productivity

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The table gives information reported by the Bureau of Labor Statistics for February, 2013. What is the labor force participation rate? The labor force participation rate is >>> Answer to 1 decimal place. percent. C Item Employment Unemployment Not in the labor force Millions 143 12 90
Working-age Population Labor Force Employed Unemployed October 2019 259.8 164.4 158.5 5.8 July 2020 260.4 159.9 143.5 17.8 October 2020 260.9 160.9 149.8 11.1 Labor Force Participation Rate Unemployment Rate October 2019 63.3% 3.5% July 2020 61.4% 11.1% October 2020 61.7% 6.9% Use your own personal knowledge and any additional outside resources to answer the question below. What do these changes tell us about the health of the economy?
A6
Table 29-3 Number of People (In Millions) Category Civilian labor force Persons unemployed 15 weeks or longer Job losers and persons who have completed temporary jobs (excludes job leavers) Total unemployed Total unemployed plus discouraged workers Total unemployed plus all marginally attached workers 120 2.0 3.5 7.0 7.8 8.7 Total unemployed plus all marginally attached workers plus total employed part-time 9.6 for economic reasons Refer to Table 29-3. What is the U-4 measure of labor underutilization? Note: Total Discouraged workers = Total unemployed plus discouraged workers - Total unemployed U-4 measure of labor underutilization = Total unemployed plus discouraged workers/(Total labor force + Total Dicouraged workers) 17.9% 6.9% 6.5% 7.0%
The Village of Lake Meyer has 250,000 people. There are 180,000 people working and 10,500 people looking for a job. Of those who are unemployed, 5,000 are structurally unemployed and 4,500 are frictionally unemployed. How many people are cyclically unemployed? A 15,000 B 10,500 C 1,000 D 9,500
Complete the following table: Column1 Column2 Employment 160,528,000.00 Unemployment Unemployment Rate U3 4.1% Labor Force Labor Force participation rate 64.1% Civilian Population Employment/Population ratio
Which type of unemployment is experienced by a person who is simply out of work, is actively seeking a job, and could start working immediately? structural unemployment O cyclical unemployment O frictional unemployment O seasonal unemployment
of the people described below, who would be counted as unemployed? Choose one or more: A a 55-year-old steel worker who was laid off 18 months ago and has given up trying to find a job OB. a 17-year-old single parent who has just been laid off and is looking for a new job OC. a second lieutenant in the U.S. Army DD. a full-time college student who plans to look for a job after graduation OE. bin able-bodied 53-year-old who took an early retirement package from her employer OF. a newly graduated Ph.D. who could not find a teaching job and is driving a taxi DG. a student who quit college to look for a modeling job in New York
Working-age Population Labor Force Employed Unemployed October 2019 259.8 164.4 158.5 5.8 July 2020 260.4 159.9 143.5 17.8 October 2020 260.9 160.9 149.8 11.1 Labor Force Participation Rate Unemployment Rate October 2019 63.3% 3.5% July 2020 61.4% 11.1% October 2020 61.7% 6.9% Use your own personal knowledge and any additional outside resources to answer the question below. What changes occurred in both the labor force participation rate and the unemployment rate over this time period?
Types of Unemployment Label the below statements with one of the following types of unemployment: Frictional Seasonal Cyclical Structural 1. 2. 3. 4. A nurse was not satisfied with her job in a hospital so she left the job to find a new job in a health clinic. Fred Flintstone was laid off from the Quarry because the nation is suffering from a recession. Cical A factory lays workers off from producing CDs due to demand changes to MP3 systems. Ronald McDonald, who just graduated from Clown School, is looking to find his first real job. Frictional 5. Every winter, brick layers in the north have no work. 6. Scooby Doo is looking for a job during the winter since Kings Island is closed until spring. Sea 7. Since graduating from law school, a woman waits to interview several firms before selecting a new job. 8. Paul Bunyan lost his job as a lumberjack because the timber company he works for decided to just buy chainsaws. Structural 9. An apple picker only finds work during the harvest…
16. Assess whether the following would be counted as "unemployed" in the Current Employment Statistics survey. A. A husband willingly stays home with children while his wife works. B. A manufacturing worker whose factory just closed down. C. A college student doing an unpaid summer internship. D. A retiree. E. Someone who has been out of work for two years but keeps looking for a job. F. Someone who has been out of work for two months but isn't looking for a job. G. Someone who hates her present job and is actively looking for another one. H. Someone who decides to take a part time job because she could not find a full time position.
3. Calculate items A, B, and C in the table below. Employment Status August 2021 Civilian noninstitutional population 261,611 Civilian labor force 161,537 Participation rate Employed Employment-population ratio Unemployed Unemployment rate Not in labor force All numbers in Thousands. Source: Bureau of Labor Statistics. The number of persons who in principle could work. 153,154 58.5% B 100,074