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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 type of unemployment (cyclical, frictional,

or structural) applies to each of the following:

a. landscapers laid off in response to a drop in new housing construction during a recession.

b. coal miners laid off due to EPA regulations that shut down coal fired power

c. a financial analyst who quits his/her job in

Chicago and is pursing similar work in Arizona

d. printers laid off due to drop in demand for printed catalogues and flyers as firms go the internet to promote an advertise their products.

e. factory workers in the U.S. laid off as the plants shut down and move to Mexico and Ireland.

Using the above data, what is the unemployment rate? These data are U.S. statistics from 2010. How does it compare to the February 2015 unemployment rate computed earlier?

What is frictional unemployment? Give examples of frictional unemployment.

What are some of the problems with using the unemployment rate as an accurate measure of overall joblessness?

Many college students graduate from college before they have found a job. When graduates begin to look for a

job, they are counted as what category of unemployed?
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