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Chapter 21: Q 15. (page 524)

What criteria do the BLS use to count someone as

employed? As unemployed?

Short Answer

Expert verified

There are different criteria for the employed person and unemployed person.

Step by step solution

01

Step 1. Definition

The BLS (bureau of labor statistics) is a US federal agency that gathers and disperse different data about the US economy and labor force. In their report CPI and PPI, both are reported.

02

Step 2. Explanation

As stated in BLS, a person who is even doing a part-time job or engaged in some sort of work for which he/she is getting paid is employed.

And a person who is looking and willing to do a job and constantly looking for it but not able to get it is unemployed.

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Most popular questions from this chapter

Using the definition of the unemployment rate, is an increase in the unemployment rate necessarily a bad thing for a nation?

Are all adults who do not hold jobs counted as unemployed?

Is the increase in labor force participation rates among women better thought of as causing an increase in cyclical unemployment or an increase in the natural rate of unemployment? Why?

Would you expect the natural rate of unemployment to remain the same within one country over the long run of several decades?

Suppose the adult population over the age of 16 is 237.8 million and the labor force is 153.9 million (of whom 139.1 million are employed). How many people are “not in the labor force?” What are the proportions of employed, unemployed and not in the labor force in the population? Hint: Proportions are percentages.
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