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The amount of unemployment that an economy normally experiences is called the :
a) average rate of unemployment.
b) natural rate of unemployment.
c) cyclical rate of unemployment.
d) typical rate of unemployment. -
The Bureau of Labor Statistics counts a member of a surveyed household as an adult if that person is at least:
a) 14 years old.
b) 16 years old.
c) 18 years old.
d) 21 years old. -
Jamarcus works part-time as a pizza delivery person in a college town. The Bureau of Labor Statistics counts Jamarcus as:
a) unemployed and in the labor force.
b) unemployed and not in the labor force.
c) employed and in the labor force.
d) employed and not in the labor force. -
A person who is counted as “unemployed” by the Bureau of Labor Statistics:
a) is also in the labor force.
b) must have recently looked for work or be on temporary layoff.
c) must be at least 16 years old.
d) All of the above are correct. -
The labor-force participation rate measures the percentage of the:
a) total adult population that is in the labor force.
b) total adult population that is employed.
c) labor force that is employed.
d) labor force that is either employed or unemployed. -
In June 2009 the Bureau of Labor Statistics reported a U.S. foreign-born population of 35.3 million. Of these, 22.7 million were employed and 1.4 million were unemployed. Based on these members what were the unemployment rate and the labor-force participation rate of the foreign-born U.S. population?
a) 1.4/35.3 and 22.7/35.3
b) 1.4/35.3 and 24.1/35.3