Which statement is CORRECT? O The Bureau of Labor Statistics measures the size of the US labor force by adding up all the adults in the country who are able to work. The Bureau of Labor Statistics considers any adult who is without a job to be unemployed. All the statements are correct. To be considered unemployed by the Bureau of Labor Statistics, a worker must be without a job for one month and be eligible to collect unemployment benefits. O The unemployment rate calculated by the Bureau of Labor Statistics measures the health of the nation's labor market by adding up the number of workers who are unemployed and dividing by the size of the country's labor force.

Which statement is CORRECT? O The Bureau of Labor Statistics measures the size of the US labor force by adding up all the adults in the country who are able to work. The Bureau of Labor Statistics considers any adult who is without a job to be unemployed. All the statements are correct. To be considered unemployed by the Bureau of Labor Statistics, a worker must be without a job for one month and be eligible to collect unemployment benefits. O The unemployment rate calculated by the Bureau of Labor Statistics measures the health of the nation's labor market by adding up the number of workers who are unemployed and dividing by the size of the country's labor force.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Suppose the existing labor force inside the country is 1,000,000 persons, of whom 900,000 are employed and 100,000 unemployed. Suddenly 100,000 overseas workers are thrown out of their jobs overseas and must return home. Of these, 95,000 become employed while 5,000 have difficulty finding jobs and are unemployed. As a result of this development, the unemployment rate of the country from to O a. rises; 11 percent; 11.6 percent O b. falls; 10 percent; 9.5 percent O c. rises; 10 percent; 11 percent O d. falls; 11 percent; 10 percent
Classify each of the below individuals as employed, unemployed, not in the labor force, or not in the adult, civilian, non-institutionalized population. A retiree who will work if a job becomes available but is not actively applying: employed unemployed not in the labor force not in the adult, civilian, non-institutionalized population An employee on temporary maternity/paternity leave: employedunemployednot in the labor forcenot in the adult, civilian, non-institutionalized population A student who has begun applying for jobs but has not yet found one: employed unemployed not in the labor forcenot in the adult, civilian, non-institutionalized population An actor who works part-time at a restaurant but is looking for full-time work: employed unemployed not in the labor forcenot in the adult, civilian, non-institutionalized population
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The figure on the right shows the average monthly flows (in millions) between employment, unemployment, and non-participation for a hypothetical economy. According to the figure, the proportion of unemployed workers finding jobs in an average month is %. (Round your response to one decimal place.) U.S. data covering the 1996-2014 period show that the proportion of unemployed workers finding jobs has O A. an indeterminate relationship with the unemployment rate. OB. a strong inverse relationship with the unemployment rate. OC. a weak inverse relationship with the unemployment rate. OD. a strong positive relationship with the unemployment rate. Employment 165.8 million 1.9 4.7 2.6 1.7 5.3 Unemployment Out of the labor force 7.7 million 2.0 77.1 million G