Exam 15: Jobs and Unemployment

Category Number of people Labor force 10,000 Employed 9,000 Under 16 years of age 2,000 Working-age population 12,000 -Using the table above, the labor force participation rate is

Define and give an example of how a spell of frictional unemployment can begin.

In 2008 as the recession worsened, suppose discouraged workers were included as part of the unemployment rate. Which of the following would have occurred?

The natural unemployment rate is

Suppose the population is 300 million people, the labor force is 200 million people, the number of people employed is 185 million, and the working-age population is 170 million people. What is the unemployment rate?

The natural unemployment rate is the unemployment rate that exists when there is no

Natural unemployment equals the sum of

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

If the working age population ________ and the labor force does not change, the ________.

An increase in unemployment benefits ________ and an increase in international competition that changes the location of jobs ________.

Assume the U.S. population is 300 million. If the working age population is 240 million, 150 million are employed, and 6 million are unemployed, what is the labor force?

During a recession the unemployment rate generally ________ and during an expansion the unemployment rate generally ________.

Suppose that the population is 275 million. Also assume that the labor force is 135 million and that 130 million people are employed. Calculate the unemployment rate.

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

During an recession, the duration of unemployment ________ and the unemployment rate is ________ the natural rate of unemployment.

In January of 2001, the population of the United States was 276.8 million, the working-age population was 210.2 million, the total number of people employed was 140, and the total number of people unemployed was 5.0 million. What was the labor force participation rate?

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?

If KeKe, age 32, worked 12 hours as a paid employee the week before the Current Population Survey, KeKe is classified in the Current Population Survey as ________ when calculating the unemployment rate.

U-4, U-5 and U-6 are

U-1 is a more ________ measure of unemployment rate than the conventional U-3 measure and U-1 counts as unemployed workers who ________.