Question 2.The Labour Force Survey is a monthly survey which measures the current state of theCanadian labour market. Into which of the three categories - employed, unemployed, not inthe labour force - would an interviewer for the Labour Force Survey place each of thefollowing people? Explain.a. Jennifer Temple is working as a second-grade schoolteacher.b. Frank Peabody is attending college full time to earn a degree in elementary education.c. Martin Hampton is working as a high school social science teacher, but is at home sick withthe flu.d. Kyle Brown does not currently have a job. He wants to be an elementary schoolteacher. Hehas the appropriate degree. He has not looked for a position in the last month because he doesn'tbelieve schools are currently hiring.e. Brenda Dewey does not currently have a job. She has sent her resume to several schooldistricts in the past week in the hope of finding a teaching position.

The Labor Force Survey (LFS) is an investigation of the work conditions of the UK populace. It is…

Answered: Question 2. The Labour Force Survey is…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Please help with D, E,F
PLEASE HELP ANSWER THIS QUESTION
Economics......
Retired people who are still capable of working are: check all that apply O unemployed not part of the labor force part of the adult population part of the labor force not part of the adult population
According to the Keynesian model of macroeconomic equilibrium, a decrease in aggregate demand Select one: O a. will cause the price level to fall substantially. O b. will cause an increase in aggregate supply that will restore full employment. O c. will not cause unemployment. O d. will not cause nominal wages to decline sufficiently to restore full employment.
QUESTION 7 Fill in the blanks using the number that corresponds to the correct word or phrase below 1. Labor statistics 3. underemployed 2. Labor force participation rate 4. Percentage or rate 6. Not in the Labor force 5. census 7. Discouraged workers 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 Unemployment is calculated as a The Bureau of tracks and reports all data related to unemployment. Children should be counted as Those who have quit looking fo a job, often due to being discouraged by their inability to find suitable employment are counted as The U.S. unemployment rate, which is based on a monthly survey carried out by the U.S. Bureau.
The Australian Bureau of Statistics recently reported a change in unemployment rate from 5.2% to 6.2%.With your understanding of unemployment, underemployment and others, do you believe this change is reflective of the employment situation in Australia? Discuss
The Big Employer Still Adding Jobs and Boosting Pay: The Government Summary: Something has vexed many of us regarding unemployment. Why, if corporations like Google, Apple, Meta, and countless other large corporations are laying off workers, how have our employment numbers been so strong? One reason, as a survey recently conveyed, hiring after the pandemic has been so difficult and expensive, even as the economy cooled, CEOs are not letting go of as many workers as they normally would. Second, the government is on a hiring spree and filling those back-logged positions. As companies are reducing their headcount, and unemployment benefits are no longer available for many workers, the government can hire for their difficult-to-fill positions. While unemployment is supposed to go down as the Fed raises interest rates, this employment market has been stubborn. It begs the question; what will the Fed have to do to finally slow hiring?
Question 21 Use the following table to answer the following questions. Wage Rate Quantity of Labor Demanded Quantity of Labor Supplied $5.00 175,550,000 120,000,000 $5.50 162,000,000 136,485,000 $6.00 153,300,020 153,300,020 $6.50 148,600,579 155,250,000 $7.00 142,050,000 157,132,360 $7.50 139,630,000 159,800,000 $8.00 135,000,000 161,000,785 At what price level does the labor market experience its largest shortage? $7.50 $5.50 $8.00 $5.00 O $6.00
Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. O They have given up on looking for a job. V They are full-time workers who would like to work only part-time. O They are counted as part of the labor force the Bureau of Labor Statistics. O They are dissatisfied with their current jobs and are considering quitting. The following table contains U.S. employment information from July 2019. Civilian Population Employed Unemployed Discouraged (Persons 16 years old and over) (Persons) (Persons) (Persons) 259,225,000 157,288,000 6,063,000 368,000 The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measure of labor underutilization, which is calculated as follows: U-4 = 100 x Unemployed+Discouraged Labor Force + Discouraged Fill in the following table by calculating the official unemployment…
Unemployment is a very important topic in macroeconomics. A high unemployment rate means that a lot of individuals willing to work cannot find a job. This is bad for the economy, as some resources (i.e., labour) remain idle. Comment on the effects that being unemployed have on an individual.
Full-time workers Part-time workers Not working, but seeking employment Discouraged workers Retired Incarcerated Adult population 45.000 B) The unemployment rate= 10,000 15.000 1.000 A) The labor force participation rate= 5.000 500 100,000

SEE MORE QUESTIONS

Recommended textbooks for you

ENGR.ECONOMIC ANALYSIS

Economics

ISBN:

9780190931919

Author:

NEWNAN

Publisher:

Oxford University Press

Principles of Economics (12th Edition)

Economics

ISBN:

9780134078779

Author:

Karl E. Case, Ray C. Fair, Sharon E. Oster

Publisher:

PEARSON

Engineering Economy (17th Edition)

Economics

ISBN:

9780134870069

Author:

William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

Publisher:

PEARSON

ENGR.ECONOMIC ANALYSIS

Economics

ISBN:

9780190931919

Author:

NEWNAN

Publisher:

Oxford University Press

Principles of Economics (12th Edition)

Economics

ISBN:

9780134078779

Author:

Karl E. Case, Ray C. Fair, Sharon E. Oster

Publisher:

PEARSON

Engineering Economy (17th Edition)

Economics

ISBN:

9780134870069

Author:

William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

Publisher:

PEARSON

Principles of Economics (MindTap Course List)

Economics

ISBN:

9781305585126

Author:

N. Gregory Mankiw

Publisher:

Cengage Learning

Managerial Economics: A Problem Solving Approach

Economics

ISBN:

9781337106665

Author:

Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:

Cengage Learning

Managerial Economics & Business Strategy (Mcgraw-…

Economics

ISBN:

9781259290619

Author:

Michael Baye, Jeff Prince

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS