Question

Since 1987, the U.S. population has grown 32%, while employment has increased by 39%. Further, the...

Since 1987, the U.S. population has grown 32%, while employment has increased by 39%. Further, the number of people unemployed has risen by 3%. Are all of these indicators a sign of a strong or weak labor market over the past two decades?

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

From the given data we see that the population and the employment rate is increasing but simultaneously the unemployement rate is also increasing. And as we know that the population growth and the unemployment rate is directly co related. So, when the population growth is rapid the country fails to give employment to its citizen. This is because the rate of job creation is not as rapid as the population.

And this all leads to more unemployment as more people are in search of a job which is not increasing at that rate. Which clearly indicates that the labor market is weak.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The market for dietary supplements has grown immensely over the past decade and while nutritional supplements...
The market for dietary supplements has grown immensely over the past decade and while nutritional supplements may be beneficial to some in our population, many really don't need them. So why do people feel they need to take supplements? Are they really doing it for their health or just because it's the new thing? What are your thoughts and feelings about supplement use?
If you observed the equilibrium wage rate decreasing while equilibrium employment increased, which of the following...
If you observed the equilibrium wage rate decreasing while equilibrium employment increased, which of the following would be a possible explanation? Group of answer choices there has been an increase in labor productivity the unemployment rate has increased the rate of population growth has increased the labor force participation rate has decreased 32. GDP increased from $16.48 trillion to $17.46 trillion. What was the growth rate of GDP? Enter a number rounded to two decimal places. Do not enter any...
In Australia, the story has been quite different. Investment spending here has been at a historically...
In Australia, the story has been quite different. Investment spending here has been at a historically high level over much of the past decade. This has been primarily due to the strength of investment in the resources sector, which reached its highest share of activity in more than a century. So, unlike in other countries, there has been a significant addition to the capital stock in Australia over the past decade. We are seeing the fruits of that investment in...
29. The sustained decline in U.S. inflation rates over the past quarter century likely reflects all...
29. The sustained decline in U.S. inflation rates over the past quarter century likely reflects all of the following, except: (a) a combination of digitalization and technological advances that reduce production costs; (b) a weak U.S. dollar in foreign exchange markets; (c) more exact production processes; (d) globalization. 30. Which of the following statements is most true? (a) money supply increases cause bank reserves to decrease; (b) the Federal Reserve creates bank reserves through open market operations; (c) the Federal...
1. In which phase of the business cycle is the U.S. economy currently in? ________________. How...
1. In which phase of the business cycle is the U.S. economy currently in? ________________. How many months has the U.S. economy been in this stage of the business cycle? ___________ months 2. How long has the current expansion/recovery lasted to date? _________________ How does this compare to the average length of U.S. recessions since 1854? ______________________________. 3. What do the last four recoveries/expansions (that is, the current recovery/expansion and the previous three recovery/expansions), suggest about a new trend in...
2. This question refers to the article: Fed raises interest rates, signals 2 more hikes in...
2. This question refers to the article: Fed raises interest rates, signals 2 more hikes in 2018 Akin Oyedele Mar. 21, 2018, 2:00 PM 16,032     The Federal Reserve announced Wednesday that it raised its benchmark interest rate by 25 basis points, to a range of 1.50% to 1.75%.     Over the next few weeks, this increase will affect credit cards, adjustable-rate mortgages, car loans, and other credit lines that don't have fixed rates.     The Fed still expects to...
Please only answer the first question! The OECD is a club of the most advanced economic...
Please only answer the first question! The OECD is a club of the most advanced economic nations in the world – based on living standards and per capita income more than absolute size. Newer members include Turkey, Mexico and Hungary. China and India are not yet members despite their vast populations. Currently the OECD has 32 members. The 2009 OECD Employment Outlook discusses prospects for unemployment and possible policy responses. The evolution of unemployment depends on (a) the size of...
Read the NY Fed's section and write a memo summarizing the details of the report. Summary...
Read the NY Fed's section and write a memo summarizing the details of the report. Summary of Economic Activity Economic activity in the Second District continued to grow at a moderate pace in the latest reporting period, and the labor market has remained tight. Input prices increased at a slightly faster pace, while selling prices continued to rise modestly. Fairly robust growth was reported in most service and distribution industries. Manufacturers reported that growth has slowed somewhat from its rapid...
1. To determine the unemployment rate, each month the government collects data from a survey of...
1. To determine the unemployment rate, each month the government collects data from a survey of about 60,000 households nationwide. collects data from a survey of about 500,000 firms nationwide. conducts a full count of the number of unemployed in each state. records the number of people receiving unemployment compensation. 2. Which of the following best describes the interest rate effect? As the price level rises, less money is demanded, so consumption spending must fall to maintain equality of investment...
Argentina and Ecuador: Understanding the Currency Crisis While fiscal policy is never far from the mind...
Argentina and Ecuador: Understanding the Currency Crisis While fiscal policy is never far from the mind of your average Argentine, who remembers the tough times and hyperinflation of the 1980s, the events of 2001 and 2002 have brought fiscal policy back to the forefront of public concern. Though the early 1990s may have been characterized by financial optimism, Argentina has been in a recession since Brazil's 1998 monetary crisis sent shockwaves across the regional and global markets. In early 2002,...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT