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Chapter 8: Q.10 (page 214)

Are all adults who do not hold jobs counted as unemployed?

Short Answer

Expert verified

No, not all of them will be counted as unemployed

Step by step solution

01

Step.1 Introduction

Unemployment refers to the situation when a person does not have a job and is actively seeking work.

02

Step.2 Explanation

No. Adults without jobs who aren't trying to find work are out of the labor force. you've got to be actively searching for work. If you stop searching for work, you are not counted.

Adults who have retired, and discourgaed workers who are no longer looking for work are not included in the unemployed.

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Most popular questions from this chapter

What happens to the labor force participation rate when employed individuals are reclassified as unemployed? What happens when they are reclassified as discouraged workers?

Would you expect the natural rate of

unemployment to remain the same within one country over the long run of several decades?

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

A government passes a family-friendly law that

no companies can have evening, nighttime, or weekend hours, so that everyone can be home with their families during these times. Analyze the effect of this law using a demand and supply diagram for the labor market: first assuming that wages are flexible, and then assuming that wages are sticky downward.

Under what condition would an increase in the unemployment rate be a positive sign?
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