Exam 15: Jobs and Unemployment

In August of 2013,the number of employed persons in the United States was 144.2 million,the number of unemployed persons was 11.3 million,and the number of persons not in the labor force was 90.5 million.What was the labor force participation rate in August of 2013?

U-1 is a more ________ measure of unemployment rate than the conventional U-3 measure and U-1 counts as unemployed workers who ________.

If 160 million people are employed,15 million people are unemployed,and the population is 280 million people,the unemployment rate is

The unemployment rate equals

The labor force participation rate is equal to

Jordan recently quit her job as a marketing consultant in Washington,D.C.and is looking for a better-paying job with an advertising agency in New York.Jordan is considered to be

Assume the U.S.population is 300 million.If 200 million people are of working age,125 million are employed,and 15 million are unemployed,what is the size of the labor force?

Natural unemployment equals the sum of

From 1981 to 2011,the unemployment rate in the United States

-Using the data in the above table,the labor force participation rate is

The unemployment rate is the number of people unemployed divided by the

After 15 years with Ford Motor Corporation,one summer Cameron loses his job.His boss explained that his position has been downsized after the technological advances in automobile production.Cameron is best considered

-The table above shows data reported by the Office for National Statistics for the United Kingdom in September 2000.In September 2000,the unemployment rate is

In a recession,which unemployment rate is the highest?

Consider the following statement: "Real GDP and potential GDP are always equal." Is this statement true or false? Explain your answer.

An unpaid worker in a family business is classified as

Cyclical unemployment includes people who become unemployed from

The highest unemployment rate in U.S.history was about

-From the table above,which gives data about the U.S.labor market in 1933,the labor force participation rate is

If half of all unemployed individuals suddenly gave up looking for work,the unemployment rate would ________ and the labor force participation rate would ________.