The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics.Identify each person in the table as structurally, frictionally, or cyclically unemployed.Unemployment TypeStructuralFrictionalCyclicalSean recently lost his job as a dishwasher. Minimum-wage legislation keeps employers from adding moreof the low-skill positions for which he qualifies, so he has been unable to find work.A recent recession has reduced the number of visitors to a local theme park. The park has had to lay offmany of its employees, including Cho.Yvette just graduated from college and is looking for a full-time position with an investment banking firm.The following table shows data on frictional, cyclical, structural, and total unemployment for an economy.RateUnemployment Type(Percent)Frictional3.1Cyclical0.0Structural1.0Total unemployment4.1True or False: This economy is not currently at its natural rate of unemployment.O TrueO False

Sean recently lost his job.....- Structural A recent recession has reduced....- Cyclical Yvette…

Answered: The three people described in the…

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 population (age 16 and over) of Pageland is 150 million; 11 million are unemployed, and 89 million hold jobs. What are the rates of unemployment and labor force participation of Pageland? Unemployment is 7 percent, and labor force participation is 88 percent. Unemployment is 7 percent, and labor force participation is 72 percent. Unemployment is 11 percent, and labor force participation is 66 percent. Unemployment is 11 percent, and labor force participation is 89 percent.
Robert applied for a job as a machine technologist. Due to his low level of skills in operating heavy duty machinery, Robert was not able to land the job. This type of unemployment is considered: Frictional Structural Seasonal Cyclical None of the above
The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics. Identify each person in the table as structurally, frictionally, or cyclically unemployed. Unemployment Type Structural Frictional Cyclical Automobile demand has fallen during a recent recession, and Maria has been laid off from her job on the assembly line. Edison recently lost his job as a dishwasher. Minimum-wage legislation keeps employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. Hilary is a physician who has decided to relocate to California to be closer to her family. She is currently interviewing with several prestigious hospitals in the San Francisco Bay Area. The following table shows data on frictional, cyclical, structural, and total unemployment for an economy. Unemployment Type Rate (Percent) Frictional 3.2…
Miriam is actively searching for a new job after she voluntarily quit her job. Miriam is now considered: Group of answer choices Cyclically unemployed Structurally unemployed Not eligible for future employment Frictionally unemployed
The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics. Identify each person in the table as structurally, frictionally, or cyclically unemployed. Unemployment Type Demand for new vehicles has fallen during a recent recession, and Alyssa has been laid off from her job at an automotive factory. Rosa just graduated from college and is looking for a full-time position with an investment banking firm, Nick recently lost his job as a waiter at a local restaurant. A recent increase in the minimum wage keeps local emplayers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. He continues to look for a job, but he's considering going back to school for vocational training. The following table presents data on frictional, cyclical, structural, and total unemployment for an economy. Unemployment Type Frictional Cyclical Structural Total unemployment Rate (Percent) 3.1 0.0 1.0 4.1…
Yermo, California, has a labor force of 5,000 persons and employment of 4,100. The unemployment rate for the city is? (Please specify answer in percentage. If answer is .06, then convert to percentage and enter 6. NO NEEDT TO ENTER % OR PERCENT SIGN. Convert answer by either moving decimal point two places to the right or multiplying by 100),
When Rachel was a teenager, growing up in the 1980’s, she dreamed of one day taking over her parents’ record store business. In the year 2000, her parents’ record store, along with countless others, closed down because people preferred to buy digital music online. The people who lost their jobs in the record stores are considered: Question 26 options: a) seasonally unemployed b) frictionally unemployed c) structurally unemployed d) cyclically unemployed
Chapter 9 1.7 Fill in the missing values in the following table of data collected in the household survey for December 2020: Working-Age Population Employed Unemployed Unemployment rate Labor force Labor force participation rate Employment-population ratio 149,830,000 10,736,000 61.5%
Last week Frank quit his job in Kansas City expecting to be able to get a job as an actor in Los Angeles. He is a good actor, but he hasn’t found an acting job yet. Economists would classify him as: Group of answer choices not in the labor force frictionally unemployed structurally unemployed cyclically unemployed
The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics. Identify each person in the table as structurally, frictionally, or cyclically unemployed. Unemployment Type Structural Frictional Cyclical Van recently lost his job as a waiter at a local restaurant. A recent increase in the minimum wage keeps local employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. He continues to look for a job, but he's considering going back to school for vocational training. Amy just graduated from college and is looking for a full-time position with an investment banking firm. Deborah is a real estate agent. House sales in her area have declined because the region has been going through a recession. She has no clients and is currently looking for a new full-time job. Unemployment Type Rate (Percent)…
Decide whether each of the following are frictional, structural, or cyclical unemployment: The economy gets worse, so General Motors shuts down a factory for four months, laying off workers. General Motors lays off 5,000 workers and replaces them with robots. The workers start looking for jobs outside the auto industry. About 10 workers per month at a General Motors plant quit their jobs because they want to live in another town. They start searching for work in the new town.
At CENGAGE MINDTAP Q Search this course Aplia Homework Chapter 15 3. Types of unemployment The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics. Identify each person in the table as structurally, frictionally, or cyclically unemployed. Frictional Cyclical Structural Unemployment Type Alyssa is a real estate agent. House sales in her area have declined because the region has been going through a recession. She has no clients and is currently looking for a new full-time job. Nick recently lost his job as a waiter at a local restaurant. A recent increase in the minimum wage keeps local employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. He continues to look for a job, but he's considering going back to school for vocational training. Rosa is a physician who has decided to relocate to California to be closer to her family. She is currently interviewing with several…

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