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Understanding Unemployment: Labor Force, Unemployment Rate, and Types of Unemployment

Learn about the labor force, unemployment rate, and different types of unemployment including frictional, structural, and cyclical. Explore how unemployment benefits and full employment affect the economy.

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Understanding Unemployment: Labor Force, Unemployment Rate, and Types of Unemployment

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  1. 22 Jobs and Unemployment CLICKER QUESTIONS

  2. Checkpoint 22.3 Checkpoint 22.1 Checkpoint 22.2 Question 1 Question 5 Question 8 Question 6 Question 2 Question 9 Question 7 Question 3 Question 10 Question 4

  3. CHECKPOINT 22.1 Question 1 Bo is available and willing to work but has not actively looked for work in the past four weeks. Bo is ____ of the labor force and is ____. • part; counted as being unemployed • part; not counted as being unemployed • not part; not counted as being unemployed • not part; counted as being unemployed only if she has had a job within the last 12 months • not part; counted as being unemployed regardless of whether or not she has held a job within the last 12 months

  4. CHECKPOINT 22.1 Question 2 If the working-age population is 200 million, 150 million are employed, and 6 million are unemployed, then the unemployment rate is ____. • 3.0 percent • 25.0 percent • 4.0 percent • 12.0 percent • 3.8 percent

  5. CHECKPOINT 22.1 Question 3 The official measure of the unemployment rate counts marginally attached workers as ______. • employed but not as part of the labor force • employed and as part of the labor force • unemployed and as part of the labor force • not part of the labor force • unemployed but not as part of the labor force

  6. CHECKPOINT 22.1 Question 4 Part-time workers for noneconomic reasons are people who _______. • work less than 35 hours a week but would like to work more than 35 hours a week • work more than 35 hours a week but would like to work fewer than 35 hours a week • have lost their jobs within the last four weeks and are seeking another job • do not want to work full time • are discouraged workers

  7. CHECKPOINT 22.2 Question 5 In 2011, part-time workers for noneconomic reasons were about ____ million people, and part-time workers for economic reasons were about ____ million people. • 9; 18 • 15; 15 • 1; 25 • 10; 10 • 18; 9

  8. CHECKPOINT 22.2 Question 6 From 1960 to 2010, male labor force participation rate ____ and the female labor force participation rate ____. • increased; increased • decreased rapidly; decreased slowly and now the two labor force participation rates are now equal • decreased; increased • decreased; decreased • did not change; increased

  9. CHECKPOINT 22.2 Question 7 The number of part-time workers for economic reasons ____ during a recession and the number of part-time workers for noneconomic reasons ____. • increases; increases during a recession • increases; decreases during a recession • increases; is relatively steady • does not change; is relatively steady • decreases; increases

  10. CHECKPOINT 22.3 Question 8 Tommy graduates from college and as he searches for a job, he is _______. • frictionally unemployed • structurally unemployed • cyclically unemployed • seasonally unemployed • a marginally attached worker

  11. CHECKPOINT 22.3 Question 9 Other things remaining the same, an increase in unemployment benefits will ____ . • increase structural unemployment • decrease structural unemployment • increase cyclical unemployment • increase frictional unemployment • decrease cyclical unemployment

  12. CHECKPOINT 22.3 Question 10 When the economy is at full employment, the _______. • natural unemployment rate is zero • amount of cyclical unemployment is zero • amount of structural unemployment is zero • amount of unemployment is zero • amount of frictional unemployment is zero

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