Exam 6: Jobs and Unemployment

In fall 2009, the population of the United States was 301 million, the working-age population was 235.7 million, the total number of people employed and unemployed was 154.9 million, and the total number of unemployed people was 14.7 million.What is the unemployment rate?

People over the age 16 with full-time jobs are considered to be

As the economy switched gears between 2008 and 2010,

For twenty years, Jim was a customer service representation at a call center in Minnesota.In order to save money, his firm moved the call center to India and laid off Jim two years ago.Jim has been unable to find a similar job anywhere.Jim's unemployment is best classified as

Explain the difference between frictional and structural unemployment.

The purpose of the Current Population Survey is to determine the

The natural unemployment rate is

The unemployment rate is the number of people unemployed divided by the

In the 2008-09 recession, the percentage of part-time workers due to economic reasons

Category Number of people (millions) Total population 250 Workingage population 160 Labor force 120 Part-time workers 15 Full-time workers 100 Discouraged workers 2 -Using the table above, the labor participation rate is

Higher unemployment benefits create

Phillip is a 22-year old who has no job and is available for work, but has not actively looked for a job in the last month.The Current Population Survey identifies Phillip as ________ , ________ the labor force, and ________ the working-age population.

In part, the increase in the labor force participation rate in the United States over the last 50 years can be attributed to

Which of the following is the smallest source of unemployment?

If you do not have a job but stop searching for a job, you are

Since 1979,the percentage of part-time workers who are part time for economic reasons

Frictional unemployment is the result of

In the United States, part-time workers are

During a recession,

Which of the following is true?