Impact of Discouraged Workers on Labor Statistics
An economist observes that in a particular month, a significant number of individuals who were previously looking for work have stopped their job search because they believe no jobs are available for them. Assuming the total working-age population and the number of employed people do not change, explain the direct impact of this event on both the number of unemployed people and the number of economically inactive people.
0
1
Tags
Economics
Economy
Introduction to Macroeconomics Course
Ch.1 The supply side of the macroeconomy: Unemployment and real wages - The Economy 2.0 Macroeconomics @ CORE Econ
The Economy 2.0 Macroeconomics @ CORE Econ
CORE Econ
Social Science
Empirical Science
Science
Analysis in Bloom's Taxonomy
Cognitive Psychology
Psychology
Related
In a country, the working-age population is 150 million. The number of people employed is 95 million, and the number of people classified as economically inactive is 45 million. Based on this information, what is the number of unemployed people?
Analyzing Labor Market Data for the Nation of Econland
Analyzing Policy Impact on Labor Statistics
A country reports the following labor market statistics for a given year: The working-age population is 200 million, the labor force is 150 million, the number of employed individuals is 140 million, and the number of unemployed individuals is 5 million. Based on the standard definitions of these indicators, this set of statistics is internally consistent.
In an economy, the working-age population and the number of economically inactive individuals both remain constant. If the number of employed people increases, what is the direct consequence for the number of unemployed people?
Impact of Discouraged Workers on Labor Statistics
Match each labor market indicator with the calculation used to determine its value.
Reconciling Labor Market Trends
In a given economy, the working-age population remains constant over a one-year period. During this time, the number of unemployed people decreases. Based only on this information, which of the following statements must be true?
An economy has a working-age population of 250 million people. If 100 million people are classified as economically inactive, the total labor force is ____ million people.