Question

Who is counted as employed or unemployed in the unemployment statistics? What groups in society are...

Who is counted as employed or unemployed in the unemployment statistics? What groups in society are not represented at all in the unemployment statistics (i.e., who is not a part of the civilian labor force)? How is the unemployment rate measured?

Homework Answers

Answer #1

Employed: Anybody who is in the labour force and willing and able to work gets work.

Unemployed: Anybody who is part of the labour force, willing and able to work but does not get work. Involuntarily unemployed.

Services such as someone taking care of the elderly at home or work of a housewife or a parent is not counted to be part of the labour force. One reason being the difficulty in the computation of the same.

The unemployment rate is the ratio of the total number of unemployed and total labour force

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
2. Who of the following are included in the Bureau of Labor Statistics’ “employed” category? a....
2. Who of the following are included in the Bureau of Labor Statistics’ “employed” category? a. certain unpaid workers b. part-time workers c. workers on vacation d. All of the above are correct. 3. Ava owns her own business. The Bureau of Labor Statistics counts Ava as a. unemployed and in the labor force. b. unemployed and not in the labor force. c. employed and in the labor force. d. employed and not in the labor force. 4. Unemployment that...
The unemployment rate is defined as the ratio of: a. unemployed to employed members of the...
The unemployment rate is defined as the ratio of: a. unemployed to employed members of the labor force. b. discouraged workers to the total population. c. unemployed members of the labor force to the total labor force. d. unemployed members of the labor force to the total population. e. all adults not working to the total population.
Unemployment Discussion Question: How is unemployment measured? According to the Bureau of Labor Statistics, the unemployed...
Unemployment Discussion Question: How is unemployment measured? According to the Bureau of Labor Statistics, the unemployed include which individuals? 1) A brief summary of your ideas of how unemployment is measured. 2) Tell the unemployed include which individuals as per the Bureau of Labor Statistics.
9 Who are the unemployed? How do we define unemployment? What is the labor force? How...
9 Who are the unemployed? How do we define unemployment? What is the labor force? How is it measured?
A county with work-eligible population of 110,000 has 75,000 employed and 15,000 unemployed. Calculate the unemployment...
A county with work-eligible population of 110,000 has 75,000 employed and 15,000 unemployed. Calculate the unemployment rate and the labor force participation rate. Suppose the natural rate of unemployment is 5%. Calculate the number of people cyclically unemployed.
1. The unemployment rate measures: A. The percentage of working age adults who are unemployed. B....
1. The unemployment rate measures: A. The percentage of working age adults who are unemployed. B. The percentage of working age adults who are unemployed but not looking for work. C. The percentage of working age adults who are employed. D. The percentage of the labor force who do not have a job, but are looking for one. 2. What does the US unemployment rate range normally return to as the long-run average? A. Somewhere between 5% and 7%. B....
2. Discouraged workers Which of the following statements correctly describe discouraged workers? (If none of the...
2. Discouraged workers Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. They are full-time workers who would like to work only part-time. They have given up on looking for a job. They are employed workers who want to earn higher wages. They are counted as part of the labor force by the Bureau of Labor Statistics. The following table contains U.S. employment information...
The table below shows unemployment and labor force statistics for an economy. Actual rate of unemployment...
The table below shows unemployment and labor force statistics for an economy. Actual rate of unemployment 3% Natural rate of unemployment 4% Population of the country 125 million Number of people employed 97 million Number of people unemployed 3 million Number of people employed part time 5 million Number of people discouraged workers 2 million Calculate the size of the labor force. Calculate the labor force participation rate. Show your work. Given the state of the economy described in the...
The Australian Bureau of Statistics (ABS) reported in May 2017 that the civilian population in Australia...
The Australian Bureau of Statistics (ABS) reported in May 2017 that the civilian population in Australia over 15 years of age was 20.8 million. Of this population of 20.8 million Australians, 13.5 million were employed and 0.7 million were unemployed. Calculate Australia’s labor force and the number of people in the civilian population who were not in the labor force? Also, with examples examine the causes of structural unemployment in Australia?
People who are not currently employed but say they want a job are counted as unemployed...
People who are not currently employed but say they want a job are counted as unemployed only if they:​ ​have previously held a job. are actively seeking employment.​ ​are discouraged workers. ​are between 16 and 65 years of age. ​are willing to accept any offer of employment.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT