Question

Assume you have recently been hired by the BLS to track and chart unemployment. Your first...

  1. Assume you have recently been hired by the BLS to track and chart unemployment. Your first task is to create a chart categorizing individuals based on the BLS unemployment classifications. Your chart should note:
    1. Whether the individual is included or not included in the labor force.
    2. If they are included, state whether that person is counted as employed or unemployed.
    3. If unemployed, which type of unemployment classification.

You may use the following template to assist you. For any non-applicable cells in the chart please use the value of N/A. For example an employed person would have N/A for point iii.

Name

Labor Force Inclusion

Employment Classification

Unemployment Type

Connor (Sample)

Yes

Unemployed

Frictional

(Note: You may just edit in additional rows on my chart above)

  1. Harry had a job portraying a wizard at Universal Studios theme park to entertain guests. Overtime, less and less guests wanted to watch wizards instead being more entertained by entertainers from a galaxy far, far away. Due to this change, Harry was let go and has such began looking for other work.
  2. Hermione met a beast of a man who turned out to be her prince charming; she immediately retired from her teaching job and spends riding horses on her estate.
  3. A sudden downturn in the real gdp growth rate caused a shutdown of the factory Ron was working at an all employees were terminated. Ron has been looking for work but to this date still has not found a job.
  4. Ginny finished up her degree and has begun applying for positions.
  5. Neville finished up his degree in botany and is now going full-time towards his PhD.
  6. Hagrid has found the perfect job, he is a mall Santa. The malls are desperate for anyone to come so they have Santa there from May until January. Now that it is March however, Hagrid is out of work. He would like to find something while he waits for May to come by, so he applied at Starbucks.
  7. Snape has also retired from teaching opting for something less stressful, he now works 10 hours a week as a mixologist at Narwhal’s.
  8. The development of Lexis Nexis for researching casework caused many law firms to lay off workers. That was the case at Dobby, Black, & Lupin who cut ties with most of their associate researchers including Draco, forcing him to look for another job.  

Homework Answers

Answer #1
Name Labor force inclusion employment classification unemployment type
Harry Yes, as he is looking for jobs actively Unemployed Structural
Hermoine No, as she is currently not looking for a job unemployed voluntary unemployment
Ron Yes Unemployed cyclical
Ginny Yes unemployed frictional
Neville No NA. He is neither employed nor looking for active employment NA
Hagrid Yes Unemployed Seasonal
Snape Yes Employed NA
Draco Yes Unemployed Structural

Hope this helps. Do hit the thumbs up. If any clarification is needed, let me know in the comments. Cheers!

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
For each of the following, state whether the individual is included or not included in the...
For each of the following, state whether the individual is included or not included in the labor force and, if included, whether that person is counted as employed or unemployed, and if unemployed, which type of unemployment classification (frictional, structural, cyclical, or seasonal). You may designate “N/A” for non-applicable categories. Ben was laid off from his factory job during the 2010 recession and in order to pay his bills was forced to take a job at Wal-Mart Ashley was laid...
1. Which of the following is true of unemployment? A) It is defined as the number...
1. Which of the following is true of unemployment? A) It is defined as the number of people actively looking for work who do not have jobs. B) The result is that the economy operates inside its production possibilities curve. C) There are psychological consequences associated with unemployment. D) All of the above. 2. Which of the following people would be considered unemployed? A) Homer, who lost his job at the power plant and is not looking for work B)...
Facts from Client Interview Tumutch and Lotta Bolloni have been married for four years. They both...
Facts from Client Interview Tumutch and Lotta Bolloni have been married for four years. They both work very hard at their jobs – Lotta being an accountant and Tumutch working as a construction manager. They decide to splurge and look into booking an all-inclusive vacation to the enchanting Fantasy Island, in Fiji for February 2020. The Bollonis do some research into different travel packages and get quotes from various agencies. They narrow their choices down to three possibilities: Travelcations &...
The project has been performing as planned, and the team members have been exhibiting increasing levels...
The project has been performing as planned, and the team members have been exhibiting increasing levels of trust between each other. The sponsor and the buyer have been satisfied with the delivery of business value, and user acceptance testing results are positive. A technical expert consulting with the team has expressed concerns that the team is not in agreement on the best way to deliver to the next review. If the project manager wants to support the team in reaching...
What role could the governance of ethics have played if it had been in existence in...
What role could the governance of ethics have played if it had been in existence in the organization? Assess the leadership of Enron from an ethical perspective. THE FALL OF ENRON: A STAKEHOLDER FAILURE Once upon a time, there was a gleaming headquarters office tower in Houston, with a giant tilted "£"' in front, slowly revolving in the Texas sun. The Enron Corporation, which once ranked among the top Fortune 500 companies, collapsed in 2001 under a mountain of debt...
Discuss how the respective organizations’ relations with stakeholders could have potentially been affected by the events...
Discuss how the respective organizations’ relations with stakeholders could have potentially been affected by the events that took place at Enron and how the situation could have been dealt with differently to prevent further damage? THE FALL OF ENRON: A STAKEHOLDER FAILURE Once upon a time, there was a gleaming headquarters office tower in Houston, with a giant tilted "£"' in front, slowly revolving in the Texas sun. The Enron Corporation, which once ranked among the top Fortune 500 companies,...
In narrative essay format, I want you to address a business/organization case study using multiple concepts...
In narrative essay format, I want you to address a business/organization case study using multiple concepts from class. The case question and case text begin on page 5 of this document. You need to demonstrate their best understanding of management and organizational behavior theory, and the application of those ideas to improve the understanding of various issues. You need to clearly identify at least 3 distinct, substantive issues. For each issue you need to 1), identify evidence from the case...
Discuss ethical issues that can be identified in this case and the mode of managing ethics...
Discuss ethical issues that can be identified in this case and the mode of managing ethics Enron finds itself in this case. How would you describe the ethical culture and levels of trust at Enron? Provide reasons for your assessment. THE FALL OF ENRON: A STAKEHOLDER FAILURE Once upon a time, there was a gleaming headquarters office tower in Houston, with a giant tilted "£"' in front, slowly revolving in the Texas sun. The Enron Corporation, which once ranked among...
Please read the article and answear about questions. Determining the Value of the Business After you...
Please read the article and answear about questions. Determining the Value of the Business After you have completed a thorough and exacting investigation, you need to analyze all the infor- mation you have gathered. This is the time to consult with your business, financial, and legal advis- ers to arrive at an estimate of the value of the business. Outside advisers are impartial and are more likely to see the bad things about the business than are you. You should...
Sign In INNOVATION Deep Change: How Operational Innovation Can Transform Your Company by Michael Hammer From...
Sign In INNOVATION Deep Change: How Operational Innovation Can Transform Your Company by Michael Hammer From the April 2004 Issue Save Share 8.95 In 1991, Progressive Insurance, an automobile insurer based in Mayfield Village, Ohio, had approximately $1.3 billion in sales. By 2002, that figure had grown to $9.5 billion. What fashionable strategies did Progressive employ to achieve sevenfold growth in just over a decade? Was it positioned in a high-growth industry? Hardly. Auto insurance is a mature, 100-year-old industry...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT