Exam 28: Unemployment

Consider two people who are currently out of work. Tim is not looking for work because there have been many job cuts where he lives, and he doesn't think it likely that he will find work. Bev is not currently looking for work, but she would like a job, and she has looked for work in the past. The Bureau of Labor Statistics considers

Unemployment generated by the existence of labor unions is structural unemployment and so contributes to the natural rate of unemployment.

Not all unemployment ends with the job seeker finding a job.

In the absence of right-to-work laws, workers

Full­time students and homemakers are included in the Bureau of Labor Statistics' "unemployed" category.

Sectoral changes in demand

Unions contribute to

Sirius has just finished high school and started looking for his first job, but has not yet found one. Other things the same, the unemployment rate

If all workers and all jobs were the same such that all workers were equally well suited for all jobs, then there would be no

An increase in the minimum wage

Table 28-9 The table below lists the number of people by labor force classification for the country of Shelbyville. -Refer to Table 28-9. What is the unemployment rate?

Efficiency wages contribute to

Suppose that the adult population is 6 million, the number of employed is 3.8 million, and the labor-force participation rate is 70%. What is the unemployment rate?

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 unemployed?

Table 28-4 2010 Labor Data for Adults (ages 16 and older) in Meditor -Refer to Table 28-4. What is the adult labor force in Meditor?

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.

Table 28-7 Below is data about the labor market in the city of Productionville. -Refer to Table 28-7. If the local government imposed a minimum wage of $6 in Productionville, how many people would be unemployed?

More than one-third of the unemployed are recent entrants into the labor force.

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

Some persons are counted as out of the labor force because they have made no serious or recent effort to look for work. However, some of these individuals may want to work even though they are too discouraged to make a serious effort to look for work. If these individuals were counted as unemployed instead of out of the labor force, then