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Chapter 8: Q. 18 (page 214)

Are U.S. unemployment rates distributed evenly across the population?

Short Answer

Expert verified

"No" The percent within the U. S. never falls to zero and barely gets below 3%.

Step by step solution

01

Step.1 Introduction

Unemployment can be defined as the situation when a person who is able to work and is work, is also actively looking for jobs but is not able to find one. The percentage of working population that cannot find work is known as unemployment rate.

02

Step.2 Explanation

Unemployment isn't distributed evenly they are across the U.S. population. The rateof unemployemnt can vary by gender, age, and race/ethnicity. Unemployemnt rate is higher for women, younger workers, high scoolgraduates and non-white workers.

Thepercent within the U. S. never falls to zeroand barely gets below 3%.

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Most popular questions from this chapter

Over the long term, has the U.S. unemployment rate generally trended up, trended down, or remained at basically the same level?

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?

Unemployment rates have been higher in many

European countries in recent decades than in the United States. Is the main reason for this long-term difference in unemployment rates more likely to be cyclical unemployment or the natural rate of unemployment? Explain briefly.

If many workers become discouraged from looking for jobs, explain how the number of jobs could decline but the unemployment rate could fall at the same time.

Why do you think that unemployment rates are lower for individuals with more education?
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