Exam 6: Jobs and Unemployment

Assume the U.S.population is 300 million.If 200 million people are of working age, 125 million are employed, and 15 million are unemployed, what is the size of the labor force?

A marginally attached worker i) does not have a job and has not looked for one in the last month. Ii) is available and willing to work. Iii) must work at least 1 hour per week.

Beth has just quit her job, moved to a new city, and is looking for a new job.Beth is

During 2009, General Motors announced that it would close its Saturn facilities in the United States because of the foreign competition it faced.This corporate move

Who is cyclically unemployed?

The working-age population of people over the age of 16 can be divided into two groups, people

Juan left his job as a computer programmer two years ago to get a graduate degree in programming.Now he is looking for a new, higher paying job then he had before.Juan is classified as a

Which of the following people is frictionally unemployed?

At full employment, there is no

Among the unemployed, ________ are the smallest group and ________ are the largest group.

Structural unemployment is the result of

Which is true regarding cyclical unemployment? i. Cyclical unemployment is positive at business cycle peaks. ii. Cyclical unemployment is negative at business cycle troughs. iii. Cyclical unemployment is zero at full employment.

Over the last 50 years, how has a. the labor force participation rate changed? b. the men's and women's labor force participation rates changed?

Over the last 50 years, how has the women's labor force participation rate changed? What are reasons for this change?

The amount of frictional unemployment depends on

The unemployment rate measures the percentage of

During the 2008 - 09 recession, the U-6 measure of the unemployment rate

From 1929 to 2009, the average unemployment rate in the United States was approximately

In order to obtain the data used to calculate the unemployment rate, the Bureau of Labor Statistics

Over the past 50 years, the U.S.labor force participation rate has been decreasing for i. men. Ii) women. Iii) the over-all labor force.