Unemployment Review

An unemployment rate of 3% - 5%.

• full employment

• unemployment rate

• labor force

• underemployed

This reflects those who are actively seeking employment.

• full employment

• unemployment rate

• labor force

• underemployed

This reflects those who are actively seeking employment AND those who are currently employed.

• full employment

• unemployment rate

• labor force

• underemployed

You will always have this because people will always want to change jobs.

• frictional unemployment

• seasonal unemployment

• cyclical unemployment

• structural unemployment

Prior to the pandemic, we had over 5,000 open jobs in Broome County but not the skilled people to fill them. This is an example of

• frictional unemployment

• seasonal unemployment

• cyclical unemployment

• structural unemployment

Santa's helpers in July would represent

• frictional unemployment

• seasonal unemployment

• cyclical unemployment

• structural unemployment

You have the least amount of control over this since it is based on the ups and downs of the business cycle.

• frictional unemployment

• seasonal unemployment

• cyclical unemployment

• structural unemployment

As an outdoor lifeguard, you don't have control over your end date, but you expect it and can plan for it.

• frictional unemployment

• seasonal unemployment

• cyclical unemployment

• structural unemployment

If Mrs. Murat left her job to go back to college to get her administration degree.

• frictional unemployment

• seasonal unemployment

• cyclical unemployment

• structural unemployment

According to the data we looked at this week, which sector was hit hardest during the pandemic?

• Education

• Leisure and Hospitality

• Health Care and Social Assistance

• Construction