Exam 20: Unemployment

Scenario 28-1 Suppose that the Bureau of Labor Statistics reports that the entire adult population of Mankiwland can be categorized as follows: 25 million people employed, 3 million people unemployed, 1 million discouraged workers, and 1 million people who are either students, homemakers, retirees, or other people not seeking employment. -Refer to Scenario 28-1. What is the labor-force participation rate?

The Bureau of Labor Statistics' household survey and establishment survey both yield information about unemployment.

People who report being unemployed but who, in fact, are working for "under the table" pay to avoid taxes on their earnings are really employed and therefore cause the reported unemployment rate to be higher than it would otherwise be.

Figure 28-3 -Refer to Figure 28-3. If unemployment is 2,000 workers, then the minimum wage must be

Figure 28-7 -Refer to Figure 28-7. If the minimum wage increases from $100 to $125, how many additional workers will be unemployed?

Unemployment insurance

In 2009, based on concepts similar to those used to estimate U.S. employment figures, the Japanese adult non- institutionalized population was 110.272 million, the labor force was 65.362 million, and the number of people employed was 62.242 million. According to these numbers, the Japanese labor-force participation rate and unemployment rate were about

The efficiency-wage theory of worker health is

Other things the same, countries that offer more generous and longer-lasting unemployment insurance benefits are likely to have higher unemployment rates.

Following the recession of 2001, there was a month in which employment and the unemployment rate both rose. Assuming the computations were correct, how is it possible for both to have increased?

Within the U.S. population, blacks of prime working age ages 25-54 have higher rates of unemployment than whites of prime working age ages 25-54, regardless of gender.

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

Write the formula for calculating the unemployment rate.

People who are unemployed because of job search are best classified as

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

Table 28-3 2009 Labor Data for Baltivia -Refer to Table 28-3. How many adults were not in Baltivia's labor force in 2009?

John is a stockbroker. He has had several job offers, but he has turned them down because he thinks he can find a firm that better matches his tastes and skills. Curtis has looked for work as an accountant for some time. While the demand for accountants does not appear to be falling, there seems to be more people applying than jobs available.

Which of the following is a source of frictional unemployment?

Figure 28-6 -Refer to Figure 28-6. What type of unemployment is measured by the differences between lines A and B?

Why have labor-force participation rates for women in the United States increased since World War II while labor- force participation rates for men have decreased?