/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Q 15. What criteria do the BLS use to ... [FREE SOLUTION] | 91影视

91影视

Log out

Learning Materials

Features

Discover

Chapter 21: Q 15. (page 524)

What criteria do the BLS use to count someone as

employed? As unemployed?

Short Answer

Expert verified

There are different criteria for the employed person and unemployed person.

Step by step solution

01

Step 1. Definition

The BLS (bureau of labor statistics) is a US federal agency that gathers and disperse different data about the US economy and labor force. In their report CPI and PPI, both are reported.

02

Step 2. Explanation

As stated in BLS, a person who is even doing a part-time job or engaged in some sort of work for which he/she is getting paid is employed.

And a person who is looking and willing to do a job and constantly looking for it but not able to get it is unemployed.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with 91影视!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

Using the definition of the unemployment rate, is an increase in the unemployment rate necessarily a bad thing for a nation?

When would you expect cyclical unemployment to

be rising? Falling?

As the baby boom generation retires, the ratio of retirees to workers will increase noticeably. How will this affect the Social Security program? How will this affect the standard of living of the average American?

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.

What forces create the natural rate of unemployment for an economy?
See all solutions

Recommended explanations on Economics Textbooks

Taxation Economics

Read Explanation
View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.