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- 4. What type of unemployment (cyclical, frictional, or structural) applies to each of the following: (Explain why you are choosing that type of unemployment) a. landscapers laid off in response to drop in new housing construction during a recession. b. coal miners laid off due to EPA regulations that shut down coal fired power c. a financial analyst who quits his/her job in Chicago and is pursing similar work in Arizona for printed catalogues and flyers as firms go to the internet to promote and advertise their products. d. printers laid off due to drop in demand3. Discuss some problems with using the unemployment rate as a barometer for the health of the labor market.RSA has an influx of foreign nationals and the unemployment rate is increased drastically in RSA, does the influx of foreigners have an impact on the high rate of unemployment?
- 1. Measuring employment, unemployment, and labor force participation Consider a small economy composed of six people: Antonio, Caroline, Dmitri, Frances, Latasha, and Jake. Each person's employment status is described in the following table. Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person's status as employed, unemployed, "not in the labor force" (if not in the civilian labor force but still part of the adult population), or "not in the adult population" if not in the civilian adult population. Person Status Antonio is a 47-year-old autoworker who was laid off from his job 6 months ago. He is frustrated with his inability to find a new full-time position. Last week, he took a part-time job but was given only 3 hours of work. Caroline is a 28-year-old professional basketball player . She finished her last season as a player 3 weeks ago and is currently interviewing for a coaching position. Dmitri is a 77-year-old retired professor. He enjoys…1. Measuring employment, unemployment, and labor force participation Consider a tiny hypothetical economy composed entirely of the following people: Antonio, Caroline, Dmitri, Frances, Latasha, and Jake. Each person's employment status is given in the following table. Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person's status as employed, unemployed, "not in the labor force" (if not in the civilian labor force but still part of the adult population), or "not in the adult population" if not in the civilian adult population. Person Antonio is a 46-year-old steelworker who was laid off from his job 6 months ago. He is frustrated with his inability to find a new full-time position. Last week, he took a part-time job but was given only 3 hours of work. Caroline is a 29-year-old professional hockey player . She finished her last season as a player 3 weeks ago and is currently interviewing for a coaching position. Dmitri is a 78-year-old retired…1
- 12 State an example of one thing that will cause the unemployment to rise, but not the natural rate of unemployment. Explain why your example will not affect the natural rate.1) What is unemployment? How to measure unemployment? How can adult population be classified? What types of unemployment? What costs of unemployment?12. Whats a possible explanation for the variations in unemployment over time and the variation in unemployment by age, gender, educational attainment, and race?
- Question 2 1 pts If discouraged workers are included in the determination of the unemployment rate, what effect will it have on the computed rate? There is no relationship between discouraged workers and the unemployment rate determination. It will lower it because it will reduce the number of unemployed. There will be no impact. O It will raise it because there are always discouraged workers.s Assume you have the following information about an economy: Labor Force of an Economy Sumber of People (nillions) 243.8 153.6 90.2 144.2 Population over age 16 Labor force Not in the labor force Employed Unemployed Instructions: Round your answers to two decimal places a. What is the unemployment rate in this economy? b. What is the labor force participation rate? c. Assume that 0.9 million discouraged workers decide to start looking for work again, thereby increasing the number of officially unemployed workers by 0.9 million. What is the unemployment rate now? d. What is the new labor force participation rate?(5