AP Macro: Unemployment

when a period of steady work is followed by a period of unemployment each year

• Seasonal Unemployment
• Cyclical Unemployment
• Frictional Unemployment
• Structural Unemployment

when people change jobs or enter the workforce

• Seasonal Unemployment

• Cyclical Unemployment

• Frictional Unemployment

• Structural Unemployment

When unemployment rises during an economic downturn and falls when the economy improves

• Seasonal Unemployment
• Cyclical Unemployment
• Frictional Unemployment
• Structural Unemployment

Sally has stopped looking for a job after 6 months of being laid off. She is considered..

• Seasonally Unemployed

• Frictionally Unemployed

• A Discouraged Worker

• Under Employed

Many older Americans have trouble finding jobs because they lack needed skills. What type of unemployment would this be considered?

• Seasonal Unemployment

• Cyclical Unemployment

• Frictional Unemployment

• Structural Unemployment

Mike is a fifty-five year old father of two who has been working part-time while raising his kids. He has been looking for full time work without success for over a year.

• Unemployed
• Employed
• Labor Force
• Not in the labor force

Seth is laid off from work because he is a life guard at the local water park. He is experiencing what kind of unemployment?

• Structural
• Seasonal
• Frictional
• Cyclical

Find the unemployment rate.

Labor force= 10, 200

Employed = 4,980

• 55.44 %

• 48.82 %

• 51.18%

• none of the above

In March 2018, 5,200 US residents were employed and 3,700 were unemployed. Find the unemployment rate.

• 51.47 %

• 41.57 %

• 58.43 %

• none of the above

In December 2017, 14, 300 of US residents were employed and 5, 300 were unemployed. Find the unemployment rate for December 2017.

• 27.04 %

• 25 %

• 15.44 %

• None of the above