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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

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

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

What is structural unemployment? Give examples of structural unemployment.

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鈥檚 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.

Whose unemployment rates are commonly higher in the U.S. economy: a. Whites or nonwhites? b. The young or the middle-aged? c. College graduates or high school graduates?
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