Exam 28: Unemployment and Its Natural Rate

Over the past several decades in the United States, the labor-force participation rate of women has increased and the labor-force participation rate of men had decreased.

Every month, the Bureau of Labor Statistics surveys 160,000 business establishments to help determine the

Evidence from research studies by economists

The destruction of manufacturing jobs and workers leaving their jobs to find better ones both contribute to frictional unemployment.

Just after World War II, the labor-force participation rate of men was

Three possible reasons for an above-equilibrium wage are minimum-wage laws, unions, and efficiency wages.

Frictional unemployment is thought to explain relatively

U.S. Department of Labor data show that minimum-wage workers tend to be young, less educated, more likely to be working part time, and concentrated in the leisure and hospitality industry.

Who in the adult population is counted as "employed" in U.S. labor statistics?

Minimum wages create unemployment in markets where they create a

If the minimum wage is currently above the equilibrium wage, then a decrease in the minimum wage

The efficiency-wage theory of worker turnover suggests that firms with higher turnover will have

Tatiana is waiting to be recalled to a job from which she was laid off. Ivan was fired but has not looked for work during the last two months. Who does the Bureau of Labor Statistics count as "unemployed"?

The Bureau of Labor Statistics produces data on unemployment

The unemployment rate is computed as the number of unemployed

Table 28-2 Labor Data for Aridia -Refer to Table 28-2. The labor force of Aridia

Octavia does not currently have a job, but she has applied for several jobs in the previous week. Eve is an unpaid stay-at-home mom who has not searched for work in recent years. Who does the Bureau of Labor Statistics count as "out of the labor force"?

The Bureau of Labor Statistics defines the unemployment rate as the percentage of

Suppose that consumers decide to walk to work more frequently and drive cars less. Companies that make walking shoes hire workers, while automobile companies lay off workers. This is an example of

Jamarcus works part-time as a pizza delivery person in a college town. The Bureau of Labor Statistics counts Jamarcus as