Chapter 8: Q. 18 (page 214)
Are U.S. unemployment rates distributed evenly across the population?
Short Answer
"No" The percent within the U. S. never falls to zero and barely gets below 3%.
Chapter 8: Q. 18 (page 214)
Are U.S. unemployment rates distributed evenly across the population?
"No" The percent within the U. S. never falls to zero and barely gets below 3%.
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Get started for freeA government passes a family-friendly law that
no companies can have evening, nighttime, or weekend hours, so that everyone can be home with their families during these times. Analyze the effect of this law using a demand and supply diagram for the labor market: first assuming that wages are flexible, and then assuming that wages are sticky downward.
Beginning in the 1970s and continuing for three decades, women entered the U.S. labor force in a big way. If we assume that wages are sticky in a downward direction, but that around 1970 the demand for labor equaled the supply of labor at the current wage rate, what do you imagine happened to the wage rate, employment, and unemployment as a result of increased labor force participation?
What are some of the problems with using the unemployment rate as an accurate measure of overall joblessness?
What criteria do the BLS use to count someone as employed? As unemployed?
Are all adults who do not hold jobs counted as unemployed?
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