Unemployment and the Labor ForceALFRED Il Cvillan Labor Force Participation Rate: 16 to 19 years Vintage Ask FRED Let's examine the labor force participation rates of teenagers. 2018-01-05 45.0 42.5 40.0 The accompanying graph depicts the labor force participation rate for teenagers in the United States over time. E 37.5 g 35.0 32.5 30.0 27.5 2013 2014 2015 2016 2017 Source: U.S. Bureau of Labor Statistics b. In the peak month, approximately what percentage of teenagers are in the labor force? About What about in trough months? About Over the year, therefore, by approximately how much does the labor force participation rate of teenagers change? From peak to trough about % points

Unemployment and the Labor ForceALFRED Il Cvillan Labor Force Participation Rate: 16 to 19 years Vintage Ask FRED Let's examine the labor force participation rates of teenagers. 2018-01-05 45.0 42.5 40.0 The accompanying graph depicts the labor force participation rate for teenagers in the United States over time. E 37.5 g 35.0 32.5 30.0 27.5 2013 2014 2015 2016 2017 Source: U.S. Bureau of Labor Statistics b. In the peak month, approximately what percentage of teenagers are in the labor force? About What about in trough months? About Over the year, therefore, by approximately how much does the labor force participation rate of teenagers change? From peak to trough about % points

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 35CTQ: While unemployment is highly negatively correlated with the level of economic activity, in the real...

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Similar questions

Are U.S. unemployment rates distributed evenly across the population?
While unemployment is highly negatively correlated with the level of economic activity, in the real world it responds with a lag. In other wands, firms do not immediately lay off workers in response to a sales decline. They wait a while before responding. Similarly, firms do not immediately hire workers when sales pick up. What do you think accounts for the lag in response time?
What is frictional unemployment? Give examples of frictional unemployment.
What is structural unemployment? Give examples of structural unemployment.
Why is there unemployment in a labor market with flexible wages?
Is it desirable to eliminate natural unemployment? Why or why not? Hint: Think about what our economy would look like today and what assumptions would have to be met to have a zero rate of natural unemployment.
What criteria do the BLS use to count someone as employed? As unemployed?
Why do you mink the U.S. experience with inflation over the last 50 years has been so much milder than in many other countries?
A country with a population of eight million adults has five million employed, 500,000 unemployed, and the rest 0f the adult population is out of the labor force. Whats the unemployment rate? What share of population is in the labor force? Sketch a pie chart that divides the adult population into these three groups.
Are the following workers more likely toexperience short-term unemployment or long-termunemployment? Explain.a. a construction worker who is laid off because ofbad weatherb. a manufacturing worker who loses his job at aplant in an isolated areac. a stagecoach-industry worker who is laid offbecause of competition from railroadsd. a short-order cook who loses his job when a newrestaurant opens across the streete. an expert welder with little formal education wholoses his job when the company installs automaticwelding machinery
E3
Between January 2012 and January 2019,U.S. employment increased by 17.3 million workers,but the number of unemployed workers declined byonly 6.3 million. How are these numbers consistentwith each other? Why might one expect a reductionin the number of people counted as unemployed tobe smaller than the increase in the number of peopleemployed?