Exam 15: Unemployment: Identifying Unemployment

Suppose that some country had an adult population of about 50 million,a labor-force participation rate of 60 percent,and an unemployment rate of 5 percent.How many people were employed?

The BLS reports the U-6 measure of labor underutilization.Which of the following is how it computes U-6?

Over the past several decades,the difference between the labor-force participation rates of men and women in the U.S.has

Just after World War II,the labor-force participation rate of women was

Christopher is an unpaid,stay-at-home father who works as a volunteer at the local Habitat for Humanity chapter.Currently,Christopher is not looking for a paid job.The Bureau of Labor Statistics counts Christopher as

The Bureau of Labor Statistics produces data on unemployment

The labor-force participation rate measures the percentage of the

According to 2014 data on the U.S.population,which of the following was correct for the adult population of prime working age,ages 25-54?

In 2016 the Bureau of Labor Statistics reported that there were 23.5 million people over age 25 who had no high school degree or its equivalent.Of these 9.7 million were employed and .75 million were unemployed.What were the labor-force participation rate and the unemployment rate for this group?

Figure 28-2 -Refer to Figure 28-2.What do the two lines in the figure measure?

The labor-force participation rate is computed as

People who are unemployed because wages are,for some reason,set above the level that brings labor supply and demand into equilibrium are best classified as

Suppose that some people are counted as unemployed when,to maintain unemployment compensation,they search for work only at places where they are unlikely to be hired.If these individuals were counted as out of the labor force instead of as unemployed,then

Jenna is searching for a job that suits her tastes about where to live.Mary is looking for a job that makes best use of her skills.

Who of the following would necessarily be included in the Bureau of Labor Statistics' "unemployed" category?

According to 2014 data on the U.S.population,which of the following groups of teenagers (ages 16-19)had the lowest labor-force participation rate?

The Bureau of Labor Statistics counts a member of a surveyed household as an adult if that person is at least

Bob is looking for work after school,but everywhere he fills out an application,the managers say they always have a lot more applications than open positions.Tom has a law degree.Several firms have made him offers,but he thinks he might be able to find a firm where his talents could be put to better use.

Economists at the Congressional Budget Office estimated that for 2015,the U.S.natural rate of unemployment was

Unemployment numbers reported by the Bureau of Labor Statistics are reported based on a