Unemployment

Which organization surveys households in every state each month to find out how many are unemployed?

• The Federal Reserve

• The Department of Labor

• The Census Bureau

• The Bureau of Economic Analysis

What is the unemployment rate defined as?

• The number of people employed divided by the total civilian labor force.

• The number of unemployed divided by the total civilian labor force.

• The total number of people in the country divided by the number of unemployed.

• The number of people who have stopped looking for a job divided by the total civilian labor force.

According to the information provided, when is a person considered to be employed?

• If they are working full-time only.

• If they are working at least 20 hours per week.

• If they work a part-time job even if it is for one hour.

• If they are actively looking for a job.

What type of unemployment occurs when workers are in between jobs?

• Frictional unemployment

• Structural unemployment

• Cyclical unemployment

• Seasonal unemployment

What is seasonal unemployment?

• Unemployment caused by changes in the seasons

• Unemployment caused by technological advancements

• Unemployment due to lack of skills

• Unemployment due to economic recession

What is the purpose of SSI?

• To provide educational support to students

• To pay low income families over age 65

• To offer housing to low income individuals

• To supply medical aid to children