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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

Is the increase in labor force participation rates among women better thought of as causing an increase in cyclical unemployment or an increase in the natural rate of unemployment? Why?

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.

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

Suppose the adult population over the age of 16 is 237.8 million and the labor force is 153.9 million (of whom 139.1 million are employed). How many people are “not in the labor force?” What are the proportions of employed, unemployed and not in the labor force in the population? Hint: Proportions are percentages

Name and explain some of the reasons why wages are likely to be sticky, especially in downward adjustments.
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