Identify the type of unemployment .

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Chapter 5, Problem 7SPA

To determine

Identify the type of unemployment.

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Imagine someone is working part time but would like to be working full time, or working in a job that is not fully using the person’s skills. In your opinion is listing this person as employed a serious flaw in the way employment statistics are gathered and reported

The Big Employer Still Adding Jobs and Boosting Pay: The Government Summary: Something has vexed many of us regarding unemployment. Why, if corporations like Google, Apple, Meta, and countless other large corporations are laying off workers, how have our employment numbers been so strong? One reason, as a survey recently conveyed, hiring after the pandemic has been so difficult and expensive, even as the economy cooled, CEOs are not letting go of as many workers as they normally would. Second, the government is on a hiring spree and filling those back-logged positions. As companies are reducing their headcount, and unemployment benefits are no longer available for many workers, the government can hire for their difficult-to-fill positions. While unemployment is supposed to go down as the Fed raises interest rates, this employment market has been stubborn. It begs the question; what will the Fed have to do to finally slow hiring?

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