(Table: Employment Data) If marginally attached workers are included in the labor force, the number of persons in the labor force is million. Table: Employment Data Full-time employed 20 million Not working but looking for work 2 million Part-time employed 10 million Discouraged workers 1 million 33 O 11 32 4

(Table: Employment Data) If marginally attached workers are included in the labor force, the number of persons in the labor force is million. Table: Employment Data Full-time employed 20 million Not working but looking for work 2 million Part-time employed 10 million Discouraged workers 1 million 33 O 11 32 4

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter10: Unemployment

Section: Chapter Questions

Problem 1QR

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Similar questions

What is the difference between being unemployed and being out of the labor force?
Assess whether the following would be counted as unemployed in the Current Employment Statistics survey. A husband willingly stays home with children while his wife works. A manufacturing worker whose factory just closed down. A college student doing an unpaid summer internship. A retiree. Someone who has been out of work for two years but keeps looking for a job. Someone who has been out of work for two months but isnt looking for a job. Someone who hates her present job and is actively looking for another one. Someone who decides to take a part time job because she could not find a full time position.
What is frictional unemployment? Give examples of frictional unemployment.
1) Consider the following labour market data.Adult Population 150Not in Labour Force 50Unemployed 30Calculate the number of employed, the labour force, the percentage of people not in the labour force, the rate ofunemployment, and the labour force participation rate.
1. Using the following data calculate: 987,156 Currently Working 23,000 volunteer workers 9845 (ages 13-14) looking for work 12,000 (ages 15) looking for work 45,600 Part-Time workers 56 family workers who worked 15 hours a week 234 Self-Employed 6543 discouraged workers 67,432 (ages 23-25) looking for work 67,890 laid off receptionists looking for work 544,321 (ages 16-20) looking for work Current population is 6,000,000 5654 Temp Workers 5000 armed forces 543 recent university graduates that are going back to graduate school 3500 institutionalized (i) The number of persons employed. (ii) The number of persons unemployed. (iii) The labour force. (iv) The Labour Force Participation rate. (v) The “official” unemployment rate.
The following graph shows, in percentages, how much of the paid labor force in the United States consisted of men and how much consisted of women in both 1950 and 2017. Composition of Employment by Gender (%) 100 Men Men Women Women 20 1950 2017
UNEMPLOYMENT RATE, 2019 (percent) 40 36 32 28 24 20 16 12 4 27 Adult males 5.4 White Black 3.8 Hispanic b. were employed? Adult females 4.7 2.8 White Black 47 Hispanic 11.5 White Teenagers 20.7 Black 14.5 Hispanic 3.7 National average Instructions: Enter your responses as a whole number. In 2019, how many of the 14,000,000 adult Hispanic males who participated in the labor market a. were unemployed? c. would have been employed if they had the same unemployment rate as adult white males?
Create a table with the National Unemployment rates from February 2020 through October 2020. Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2020 3.5 3.5 4.4 14.7 13.2 11.0 10.2 8.4 7.9 6.9 6.7 6.7 What trend(s) do you observe? Next, review the employment situation summaries from March 2020 and October 2020.
Use the graph to answer the following question. Median Annual Earnings of Full-Time, Year-Round Workers Ages 25-34, by Educational Attainment: 2019 Delars S0.000 0.000 S70.000 70.000 S50,700 60.000 $55,700 S0.000 $44700 S31,700 $40.000 40,000 S35.000 $29,300 30.000 20.000 10.000 Some college, no degree Assodale's degree Bachelor degree Masters or higher degree Al educational Less than High school completion Total ettainment levels high school completion Bachelor's or higher degree Educational atainmest Which of the following statements is supported by the information in the graph? O A. High school graduates earn an average income. B. Investing in education leads to a higher standard of living. O. C. Education has little impact on the earnings of workers. O D. The costs of post-secondary education are greater than the benefits. 7 8 9. 4. W e m b n alt
Industry Construction Total Employment Question 5 Listen Town Anywhere Country Anywhere 2015 2017 % 2015 2017 % Employment Employment Change Employment Employment Change 18,600 20,274 9% 3,000,000 3,510,000 17% 60,000,000 72,200,000 22% 265,000 304,750 15% i. Calculate the construction location quotient for Town Anywhere in 2015 ii. Calculate the construction location quotient for Town Anywhere in 2017 iii. What does the location quotient tell you about Town Anywhere Hint: Remember the LQ identifies the concentration of an industry at a local level and compares it to the same industry in a larger reference economy. )?
Unemployment and the Labor ForceALFRED Il Cvillan Labor Force Participation Rate: 16 to 19 years Vintage Ask FRED Let's examine the labor force participation rates of teenagers. 2018-01-05 45.0 42.5 40.0 The accompanying graph depicts the labor force participation rate for teenagers in the United States over time. E 37.5 g 35.0 32.5 30.0 27.5 2013 2014 2015 2016 2017 Source: U.S. Bureau of Labor Statistics b. In the peak month, approximately what percentage of teenagers are in the labor force? About What about in trough months? About Over the year, therefore, by approximately how much does the labor force participation rate of teenagers change? From peak to trough about % points
The Current Population Survey reports the data for last month: 73 million people had full-time jobs. 10 million people had part-time jobs. 5 million people had no work but were available and had looked for work in the past four weeks. 36 million people of working age did not have jobs and did not want jobs. Calculate last month's labor force and working-age population. 3 tries left Last month, the labor force was was million. A. 98; 134 OB. 93; 124 OC. 88; 134 D. 88; 124 million and the working-age population