Business
Business, 13.07.2019 11:40, rainbowdashgirl68

When workers lose their jobs and become officially unemployed, the number of people in the labor force: a. increases. b. decreases. c. remains constant. d. becomes difficult to predict?

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Business, 27.07.2019 23:30, yeehaw777
The unemployment rate is the: percentage of the total population that is unemployed. number of employed workers minus the number of workers who are not in the labor force. percentage of the labor force that is unemployed. ratio of unemployed to employed workers.
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Business, 01.10.2019 05:00, musdaher
Consider an economy with 500 people in the labor force. at the beginning of every month, 5 people lose their jobs and remain unemployed for exactly one month; one month later, they find new jobs and become employed. in addition, on january 1 of each year, 20 people lose their jobs and remain unemployed for six months before finding new jobs. finally, on july 1 of each year, 20 people lose their jobs and remain unemployed for six months before finding new jobs. a. what is the unemployment rate in this economy in a typical month? b. what is the fraction of unemployment spells lasts for one month? what fraction lasts for six months? c. what is the average duration of completed spell of unemployment? d. on any particular day, what fraction of the unemployed are suffering a long spell (six months) of unemployment?
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