What is the structural unemployment? Jeanette worked for a company that produces manufacturing goods. She recently lost her job when the company moved the factory overseas Sam quit his job and is currently looking for a better job that better fits his interest George used to work in an automotive assembly plant. He was laid off six months ago as the economy weakened. He expects to return to work when national economic conditions improve Sarah moved to a new place and is currently looking for a job

What is the structural unemployment? Jeanette worked for a company that produces manufacturing goods. She recently lost her job when the company moved the factory overseas Sam quit his job and is currently looking for a better job that better fits his interest George used to work in an automotive assembly plant. He was laid off six months ago as the economy weakened. He expects to return to work when national economic conditions improve Sarah moved to a new place and is currently looking for a job

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: If a contry has a noninstitutional population of 200 million and a labor force of 160 million and…

A: Labor force participation rate: It indicates the percentage of the working-age population in the…

Q: Which individual is out of the labor force? John is without a job, is able to work, but is not…

A: The individual John who is without a job and able to work, but not actively looking for work is out…

Q: Explain each of the four types of unemployment

A: Unemployment refers to the state of being without a job and actively seeking employment. It is a…

Q: What is seasonal unemployment?

A: Seasonal unemployment: Seasonal unemployment occurs when the workers or laborers don't get work…

Q: In october 2020 on Sandy Island, 20,000 were employed, 1,000 were unemployed, and 3,000 were not in…

A: People who are actively looking and able for a job are considered unemployed. People who are working…

Q: What is Mexico's unemployment rate?

A: Unemployment demonstrates the economic phenomenon where individuals want to work and are also able…

Q: Discuss the different types of Unemployment. Give Examples

A: Unemployment is a condition when a individual actively finding for a job and is unable to find work.…

Q: Nuku has an unemployment rate of 4.3%. There are 10,430 people who are working or have work. How…

A: "In economics unemployment means people who want to work and are actively seeking for jobs but…

Q: Define what full employment means.

A: Full employment refer to a situation when all the resources are fully employed at their normal…

Q: If someone wants full time work, but can only find part time work, how might they be described? O…

A: Frictional unemployment occurs when individuals are between jobs or searching for a new job and can…

Q: The economy has part time workers of 20 million people, and full time workers of 130 million people.…

A: Unemployment is a persistent issue that arises when certain workers are unable to find employment in…

Q: What type of unemployment is it if a person loses their job and an employment advisor advises you to…

A: Employment: The term employment indicates the state of being employed which means a person works for…

Q: A job seeker is one who is at least 17 years old and looking for a job. O True

A: A job seeker is an individual who is looking for a job and is determined to get a job. Now there are…

Q: What is happening to unemployment in the US economy?

A: The worker who wants to work but still does not fund employment opportunities is known as an…

Question

What is the structural unemployment?
Jeanette worked for a company that produces manufacturing goods. She
recently lost her job when the company moved the factory overseas
Sam quit his job and is currently looking for a better job that better fits his
interest
George used to work in an automotive assembly plant. He was laid off six
months ago as the economy weakened. He expects to return to work when
national economic conditions
improve
Sarah moved to a new place and is currently looking for a job

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1: Define key term:

VIEW

Step 2: Explain and choose structural employment from the given options:

VIEW

Solution

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

what is the unemployment pool
How we calculate unemployment rate?
I have a true and false questions that I'm confused about. "Jake is a full-time worker. Today, he is fired from his job, and he suddenly decides to retire. Due to this, there is no change to unemployment rate or labor force participation rate.” Thanks
In an economy with 200 million people, 140 million hold civilian jobs and 9 million are not working but are looking for jobs. What is the unemployment rate?
FRONT PAGE Unemployment Rate Hits a 26-Year High The nation's unemployment rate climbed to 10.2 percent in October, the highest rate since 1983. Nonfarm payrolls dropped another 190,000 last month, adding to 22 consecutive months of job losses. The biggest job losses were in manufacturing, construction, and retail employment. Since the recession began over 7.3 million jobs have been lost. The unemployment rate has more than doubled from 4.9 percent in December 2007 to its current level of 10.2 percent. In October, 35.6 percent of unemployed persons were jobless for 27 weeks or more, while 20 percent of the unemployed were jobless for 5 weeks or less. Source: U.S. Bureau of Labor Statistics, November 10, 2009. If the number of unemployed people is 15.7 million, in October 2009 Instructions: Round your responses to one decimal place. a. how many people were in the labor force? million b. how many people were employed? million
20. The economy is fully employed when there is no: cyclical unemployment seasonal unemployment structural unemployment frictional unemployment
How is the unemployment rate calculated? Describe the three principal types of unemployment.
Only typed answer
What are the challenges of the changing unemployment rate?
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
The table gives information about a nation's labor force. What is the number employed? The number employed is million. >>> Answer to 1 decimal place. Labor Market Data Labor force Not in labor force Unemployed 147.4 million 76.0 million 8.1 million
If millions of people quit looking for a job this month what would happen? The unemployment rate would ___ and the labor force would ___.