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Chapter 8: Q.15 (page 214)

What criteria do the BLS use to count someone as employed? As unemployed?

Short Answer

Expert verified

According to the BLS criteria for people who are considered employed and unemployed are quite simple.

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

The BLS criteria for people who are considered employed and unemployed is sort of simple. The folks that are considered employed are people who um participated in any kind of work, so any form of paying job during the survey period, and this counts for folks that are working full time, part-time, or perhaps temporary work.

Those people who do not have a job, are willing to work and have actively looked for a job atleast 4 weeks ago are considered unemployed by the BLS.

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Most popular questions from this chapter

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

What is frictional unemployment? Give examples of frictional 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 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?

Under what condition would a decrease in

unemployment be bad for the economy?
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