Chapter 8: Q.15 (page 214)
What criteria do the BLS use to count someone as employed? As unemployed?
Short Answer
According to the BLS criteria for people who are considered employed and unemployed are quite simple.
Chapter 8: Q.15 (page 214)
What criteria do the BLS use to count someone as employed? As unemployed?
According to the BLS criteria for people who are considered employed and unemployed are quite simple.
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Get started for freeIf you are out of school but working part time, are you considered employed or unemployed in U.S. labor statistics? If you are a full time student and working 12 hours a week at the college cafeteria are you considered employed or not in the labor force? If you are a senior citizen who is collecting social security and a pension and working as a greeter at Wal-Mart are you considered employed or not in the labor force?
Why do you think that unemployment rates are lower for individuals with more education?
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?
The U.S. unemployment rate increased from 4.6%
in July 2001 to 5.9% by June 2002. Without studying the subject in any detail, would you expect that a change of this kind is more likely to be due to cyclical unemployment or a change in the natural rate of unemployment? Why?
What type of unemployment (cyclical, frictional,
or structural) applies to each of the following:
a. landscapers laid off in response to a drop in new housing construction during a recession.
b. coal miners laid off due to EPA regulations that shut down coal fired power
c. a financial analyst who quits his/her job in
Chicago and is pursing similar work in Arizona
d. printers laid off due to drop in demand for printed catalogues and flyers as firms go the internet to promote an advertise their products.
e. factory workers in the U.S. laid off as the plants shut down and move to Mexico and Ireland.
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