Employment and Labor

Explain the difference between employment and unemployment.

• Employment refers to having a job, while unemployment means not having a job.

• Employment and unemployment are the same.

• Unemployment is a type of employment.

• Employment means not having a job, while unemployment means having a job.

Identify the different forms of unemployment.

• Frictional, Structural, Cyclical, Seasonal

• Permanent, Temporary, Voluntary, Involuntary

• Local, National, International, Global

• Short-term, Long-term, Medium-term, Permanent

What is the Unemployment Rate?

• The percentage of the labor force that is jobless and actively looking for work

• The total number of people employed in a country

• The number of new jobs created in a month

• The average number of hours worked per week

What is the Labor Force?

• The total number of people employed or seeking employment

• The number of people working in the government sector

• The number of people working in the private sector

• The number of people who are unemployed

Frictional Unemployment refers to:

• The unemployment that occurs when people are between jobs.

• The long-term unemployment due to economic downturns.

• The unemployment caused by technological changes.

• The unemployment that results from a mismatch of skills.

Structural Unemployment is:

• A type of unemployment caused by a mismatch between skills and jobs

• Unemployment due to seasonal work

• Unemployment during economic downturns

• Voluntary unemployment

Seasonal Unemployment is:

• Unemployment that occurs during certain seasons of the year

• Unemployment due to technological changes

• Unemployment caused by economic recession

• Unemployment that is voluntary

Cyclical Unemployment is:

• Unemployment caused by seasonal changes in demand

• Unemployment due to technological advancements

• Unemployment that occurs during economic downturns

• Unemployment resulting from voluntary job changes

Who polls a sample of the population to determine how many people are employed and unemployed?

• The Bureau of Labor Statistics

• The Department of Education

• The Federal Reserve

• The Census Bureau

Fill in the blank: The Labor Force includes all nonmilitary people who are ______ or unemployed.

• employed

• retired

• students

• volunteers