AP Unemployment

when people change jobs or enter the workforce; it is temporary for the worker and always present in our economy

• Seasonal Unemployment

• Cyclical Unemployment

• Frictional Unemployment

• Structural Unemployment

When unemployment rises during an economic downturn and falls when the economy improves; it is unemployment over and above the natural rate

• 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

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

What is the size of the Labor Force?
Unemployed (Looking for job) = 20
Retired = 5          Prison = 2
School = 10         Employed = 180
Unemployed (not looking for job) = 20

• 180
• 200
• 220
• 237

How many people are NOT in the Labor Force?
Unemployed (Looking for job) = 20
Retired = 5          Prison = 2
School = 10         Employed = 180
Unemployed (not looking for job) = 20

• 20
• 40
• 37
• 140

Unemployment caused by a recession.

• Seasonal
• Cyclical
• Structural
• Frictional