Compa-ratioa. is defined as the ratio of average pay to the midpoint of the pay range. b. is defined as the ratio of the average pay for the grade divided by the minimum pay for the grade. c. can range from 0 to 100 percent. d. uses data from market-pay surveys. e. measures the degree to which new skills learnt are consistent with the increases in pay.

In each of the following, what happens to the unemployment rate? does the unemployment rate give an accurate impression of what’s happening in the labor market? a. esther lost her job and begins looking for a new one. b.sam, a steelworker who has been out of work since his mill closed last year, becomes discouraged and gives up looking for work. c.dan, the sole earner in his family of 5, just lost his $90,000 job as a research scientist. immediately, he takes a part-time job at starbucks until he can find another job in his field.