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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

While unemployment is highly negatively

correlated with the level of economic activity, in the real world it responds with a lag. In other words, firms do not immediately lay off workers in response to a sales decline. They wait a while before responding. Similarly, firms do not immediately hire workers when sales pick

up. What do you think accounts for the lag in response time?

Would you expect the natural rate of

unemployment to be roughly the same in different countries?

What is structural unemployment? Give examples of structural unemployment.

If you are out of school but working part time, are you considered employed or unemployed in U.S. labor statistics? If you are a full time student and working 12 hours a week at the college cafeteria are you considered employed or not in the labor force? If you are a senior citizen who is collecting social security and a pension and working as a greeter at Wal-Mart are you considered employed or not in the labor force?

Is the higher unemployment rates for minority workers necessarily an indication of discrimination? What could be some other reasons for the higher unemployment rate?
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