Suppose there are 4,750 people in the labor force. 420 workers are employed full time but were unemployed last month. Additionally, 198 workers had jobs last month but were laid off and have not found work yet. 124 workers lack skills that employers desire and have not been working for months; they are looking for jobs, though. 159
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- Why do you mink the U.S. experience with inflation over the last 50 years has been so much milder than in many other countries?Consider an economy with 500 people in the labor force. At the beginning of every month, 5 people losetheir jobs and remain unemployed for exactly one month; one month later, they find new jobs andbecome employed. In addition, on January 1 of each year, 20 people lose their jobs and remainunemployed for six months before finding new jobs. Finally, on July 1 of each year, 20 people lose theirjobs and remain unemployed for 6 months before finding new jobs.1. What is the unemployment rate in this economy in a typical month?2. What fraction of unemployment spells lasts for one month? What fraction lasts for six months?3. What is the average duration of completed spell of unemployment?4. On a particular date, what fraction of the unemployed are suffering a long spell (six months) ofunemployment? plz solve part 4 ? Thanks.Between January 2012 and January 2019,U.S. employment increased by 17.3 million workers,but the number of unemployed workers declined byonly 6.3 million. How are these numbers consistentwith each other? Why might one expect a reductionin the number of people counted as unemployed tobe smaller than the increase in the number of peopleemployed?
- estion 8 Table 20-15 Nominal Average Hourly Earnings $10 Year CPI 2014 1.00 2015 10 1.05 2016 12 1.10 Refer to Table 20-15. Looking at the table above, the nominal average hourly earnings that you should have in 2016 in order to achieve the same purchasing power as in 2014 are O $10.90. O $11. O $12. O $13.20.If the total population of a country is 300 million, the unemployment rate is 5% and theparticipation rate is 65%, the working age population is:O 105.0 millionO 195.0 millionO 285.0 millioWhich of the following statements about labor force participation and education are correct: O a. Women with less than a high school diploma are most likely to be in the labor force O b. Women with advanced degrees (masters, PhD, professional degrees) are more likely to be in the labor force than women with just high school degrees O c. Men with high school degrees are more likely to be in the labor force than men with doctoral degrees O d. Women with masters degrees are more likely to be in the labor force than men with masters degrees.
- 1 80% O 75% O 60% - 20% 3 Questus 23-24 The arm bow days 10 9 ... 4 s Woge What is the labor force participation rate of this country? Leber Demand 10 20 30 40 50 60 70 80 90 100 No of Workers of th“The unemployment rate dropped to 6.6 per cent in January 2022, which is lower than the pre-pandemiclevels of 7.2 per cent in January 2020. However, the reason behind the dip in unemployment is not theaddition of jobs — rather, it was caused by the decline in the number of people looking for jobs. The numberof unemployed people fell by [6 600 000] in January 2022, as they stopped looking for jobs. Consequently,they were no longer counted as unemployed.”Source: https://www.indiatoday.in/diu/story/unemployment-rate-down-jobs-creation-job-seekers-1915703-2022-02-21Accessed: 21/02/22 1. The unemployment figure presented here is the… a) Seasonal unemployment.b) Narrow definition.c) Expanded definition.d) Real unemployment. 2. Demand-pull inflation can occur when…a) There is a shortage of investment and investors bid up interest rates.b) Inventories shrink and consumers bid up prices.c) There is a surplus of resources and so wages are bid up by employers.d) Undesired investment occurs. 3.…YEAR Adult Population Number of employed Number of unemployed O 11% O 2% O 15% 2010 O 8% 2,000 1,400 200 Table 1 Labor Data for Country A 2011 3,000 1,300 600 2012 Refer to the above table. The unemployment rate in 2012 was: 4,000 1,600 200
- The news article states that "Canadian youth and students are getting hit hard by this pandemic." In May 2020 the number of unemployed 15-24 year-olds was 1,710,900 and the 15-24 year-old labour force was 2,420,800. What was the unemploy te of youth? ne employment rate was D A. 41.6 percent O B. 13.7 percent OC. 29.4 percent O D. 24.1 percentQUESTION 1Which of the following is an example of an unemployed person?O. A recent college graduate who has accepted a job offer but is taking the summor off before starting their new jobO. A full-time college student focusing solely on their studiosO. A collego-oducated Starbucks barista looking for a better jobO. A stay-at-home mother of 3 childrenO. A graduate studont looking for part-time wokQUESTION 49 How would you define the number of people who are unemployed? O a. The number of people of working age who do not have a job O b. The number of adults who are willing to work at the current wage rate but do not have a job O c. The number of people of working age who are willing to work at the current wage rate but do not have a job O d. The number of adults who do not have a job