Question 10 1 pts Ping has become unemployed due to a permanent change in consumer tastes away from his industry. Betty is unemployed due to an economy-wide recession. Hector has become unemployed as he looks to switch careers. How many of these individuals would NOT be part of those "naturally" unemployed (not part of the natural unemployment rate). One Three Zero Two
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It includes frictional unemployment, which is the time it takes for workers to find a new job after they lose their old one, and structural unemployment, which is the unemployment that results from a mismatch between the skills of workers and the jobs that are Show moreā¦
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Assess whether the following would be counted as "unemployed" in the Current Employment Statistics survey. a. A husband willingly stays home with children while his wife works. b. A manufacturing worker whose factory just closed down. c. A college student doing an unpaid summer internship. d. A retiree. e. Someone who has been out of work for two years but keeps looking for a job. f. Someone who has been out of work for two months but isn't looking for a job. 8. Someone who hates her present job and is actively looking for another one. h. Someone who decides to take a part time job because she could not find a full time position.
1. Measuring employment, unemployment, and labor force participation Consider a tiny hypothetical economy composed entirely of the following people: Gilberto, Juanita, Lorenzo, Neha, Teresa, and Sam. Each person's employment status is given in the following table. Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person's status as employed, unemployed, "not in the labor force" (if not in the civilian labor force but still part of the adult population), or "not in the adult population" if not in the civilian adult population. Person Status Gilberto is a 74-year-old professor. He teaches only one or two courses a year, but still publishes research at a productive rate. Employed Juanita is a 27-year-old recent college graduate . She did not work for pay last week, but she had two job interviews. Lorenzo is a 45-year-old accountant who has been out of work for almost a year. He became so discouraged that he gave up on his job search a couple of months ago. Teresa is a 31-year-old science teacher who taught at River Rock Middle School last year. Due to budget cuts, she was laid off at the end of the school year. It's the summer now, and after a few weeks of vacation with her family, she is looking for a part-time job as a tutor. Sam is a 20-year-old American Studies major at the University of Alabama. It's summer now, and he is working as a lifeguard in Memphis, Tennessee. Neha is a 12-year-old student at River Mountain Middle School. She babysits her younger brother and does other chores, so her parents give her an allowance of $25 per week. Not in the labor force
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