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Chapter 8: Q 36 (page 215)

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

Short Answer

Expert verified

Unemployment rate depicts percentage of individuals unemployed in total labor force

Step by step solution

01

Step 1. Introduction 

There is a cut throat competition in market. There is a lot of reasons for existence of unemployment in society like underemployment. Unemployment is always exists it is never zero.

02

Step 2. Explanation

some workers are not able to get employed because they do not posses that kind of education and skills that are in demand. SO it is difficult for them to get employed in preferable work.

03

Step 3. Reasons

This is the reason why highly educated person is in demand more because of they high education and skills. So it is easy for high education workers to find job than less educated

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Most popular questions from this chapter

Is a decrease in the unemployment rate necessarily a good thing for a nation? Explain.

Beginning in the 1970s and continuing for three decades, women entered the U.S. labor force in a big way. If we assume that wages are sticky in a downward direction, but that around 1970 the demand for labor equaled the supply of labor at the current wage rate, what do you imagine happened to the wage rate, employment, and unemployment as a result of increased labor force participation?

Is it desirable to pursue a goal of zero

unemployment? Why or why not?

What criteria do the BLS use to count someone as employed? As unemployed?

A country with a population of eight million adults

has five million employed, 500,000 unemployed, and the rest of the adult population is out of the labor force. What’s the unemployment rate? What share of population is in the labor force? Sketch a pie chart that divides the adult population into these three groups.
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