Exam 15: Unemployment: Part B

The Bureau of Labor Statistics divides the adult population into four categories: employed,underemployed,unemployed,and not in the labor force.

If the wage is kept above the equilibrium level for any reason,the result is unemployment.

If people who report being unemployed are not,in fact,trying hard to find a job,then the reported unemployment rate will be biased upward.

The Bureau of Labor Statistics' U-2 measure of joblessness includes job losers and job leavers.

In 1914,Henry Ford began paying his workers $5 per day,about twice the going wage.As a result,turnover and absenteeism fell and productivity and profits rose.

The Bureau of Labor Statistics produces data on unemployment by using data on claims filed for unemployment insurance.

In the U.S. ,it is illegal for employers to interfere when workers try to organize unions.

Between 2002 and 2014 the number of workers employed in construction fell while the number of workers employed in food services rose.

Almost half of all spells of unemployment end when the unemployed person leaves the labor force.

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 remained steady.

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

The Bureau of Labor Statistics produces data on unemployment and other aspects of the labor market from a regular survey of about 60,000 households,called the Current Population Survey.

There is no easy way for policymakers to reduce the economy's natural rate of unemployment while at the same time reducing the hardships of the unemployed.

Someone who loses his job at a truck factory because the demand for trucks has fallen and the demand for cars has risen,is structurally unemployed.

The adult population must equal the sum of the employed and the unemployed.

The Bureau of Labor Statistics divides the adult population into three categories: employed,unemployed,and not in the labor force.

Data on the unemployment rate in the U.S.since 1960 show that the economy always has some unemployment and that the amount changes from year to year.

The demand for labor by a certain firm fluctuates as the demand for that firm's product fluctuates.

Every week,the Bureau of Labor Statistics produces data on unemployment.

The Bureau of Labor Statistics defines marginally attached workers as persons who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the recent past.