Exam 15: Unemployment: Part B

Most spells of unemployment are short,and most unemployment observed at any given time is short-term.

Government policy can do nothing about the natural rate of unemployment.

Data on unemployment indicate that most people who become unemployed will soon find jobs.

Within the U.S.population,women of prime working age (ages 25-54)have similar rates of labor-force participation than men of prime working age (ages 25-54),regardless of race.

The Bureau of Labor Statistics produces data on unemployment,types of employment,length of the average workweek,and the duration of unemployment.

Policies that reduce the time it takes unemployed workers to find new jobs can reduce the economy's natural rate of unemployment.

Structural unemployment results when the number of jobs is insufficient for the number of workers.

Unemployment insurance reduces the incentive for the unemployed to find and take new jobs.

Every month,the Bureau of Labor Statistics surveys 160,000 business establishments to help determine the number of jobs the economy has gained or lost.

Most job search in the U.S.economy takes place with the help of the government.

The Bureau of Labor Statistics' "employed" category includes those who worked as paid employees,worked in their own business,or worked as unpaid workers in a family member's business.

Unemployment insurance causes workers to be less likely to seek guarantees of job security when they negotiate with employers over the terms of employment.

The natural rate of unemployment is constant over time.

Unemployment insurance reduces hardships of unemployment but also increases the amount of structural unemployment.

When a minimum-wage law forces the wage to remain above the level that balances supply and demand,the result is a surplus of labor.

When a minimum-wage law forces the wage to remain above the level that balances supply and demand,there are more workers willing to work than there are jobs,so some workers are unemployed.

The Bureau of Labor Statistics' U-1 measure of joblessness is larger than its U-6 measure of joblessness.

Some of a firm's workers are made worse off by the introduction of a union.

Sectoral shifts contribute to frictional unemployment.

When a union is present in a labor market,wages are not determined by the equilibrium of supply and demand.