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Suppose the world price of aluminum falls significantly. The demand for labor among aluminum-producing firms in Pittsburgh willdecrease . The demand for labor among airplane manufacturing firms in Washington, which use aluminum as an input, willincrease . The temporary unempl...
Read MoreUnemployment Type | Structural | Frictional | Cyclical |
---|---|---|---|
Lucia is a real estate agent. House sales in her area have declined because the region has been going through a recession. She has no clients and is currently looking for a new full-time job. | |||
Eric recently lost his job as a delivery driver. Minimum-wage legislation keeps employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. | |||
Ginny just moved with her husband to Bismark, North Dakota. She's looking for a job as a judicial clerk. |
Unemployment Type | Rate |
---|---|
(Percent) | |
Frictional | 3.0 |
Cyclical | 0.0 |
Structural | 1.0 |
Total unemployment | 4.0 |
The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics.Identify each person in the table as structurally, frictionally, or cyclically unemployed.Unemployment TypeStructuralFrictionalCyclicalLucia is a real estate agent. House sales in her ar...
Read MoreCivilian Population | Employed | Unemployed | Discouraged |
---|---|---|---|
(Persons 16 years old and over) | (Persons) | (Persons) | (Persons) |
258,066,000 | 155,604,000 | 6,197,000 | 434,000 |
Official Unemployment Rate | U-4 Measure of Labor Underutilization |
---|---|
(Percent) | (Percent) |
Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply.They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work.They are dissatisfied wit...
Read MorePerson | Status |
---|---|
Nick is a 75-year-old professor. He teaches only one or two courses a year, but still publishes research at a productive rate. | |
Rosa is a 40-year-old steelworker who was just laid off by her employer. She is trying to find any kind of job to help make ends meet. | |
Tim is a 48-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. | |
Crystal is a 26-year-old who lost her job as a copy editor for a local newspaper. She has spent the past few weeks out of work and interviewing for other editing jobs. She is thinking about going back to grad school if her job search doesn't succeed after a few more weeks. | |
Brian is a 17-year-old who just graduated from high school. He is taking it easy this summer, relaxing by the pool with his friends and family, and volunteering part-time at the local nursing home. | |
Alyssa is a 13-year-old student at Moutain River Middle School. She babysits her younger siblings and does other chores, so her parents give her an allowance of $20 per week. |
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.Pe...
Read Moreb. the official unemployment rate would probably overstate true unemployment...
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Read Morec. there are changes in the demand for labor among different firms...
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