Unemployment Practice Flashcard

Front

What is the formula of unemployment rate?

Back

=(unemployed/labor force)*100%

Front

In which type of unemployment do workers find it hard to obtain new jobs without retraining, gaining additional education, or relocating?

Back

structural

Front

If operators are fired and replaced with computer technology, the operators would be considered

Back

structurally unemployed

Front

The unemployment rate is the ratio of

Back

seeking employment to labor force

Front

Seasonal unemployment

Back

Is predictable

Front

The unemployment rate will drop if: A person is hired into a new job, Someone who was previously laid off is rehired, An unemployed person stops looking.

Back

ALL of these answers are CORRECT

Front

Which of these people is officially unemployed?
A secretary who took 6 months off for maternity leave
An aspiring actress who waits tables but would rather act
A maid who got fired and will start a new job in 2 weeks
A student who only works 4 hours a week in the library

Back

A maid who got fired and will start a new job in 2 weeks

Front

A student who just graduated from college and is waiting to start their new job is...

Back

frictionally unemployed

Front

A woman who lost her job due to a decrease in sales during a recession in the economy is...

Back

cyclically unemployed

Front

When individuals lose jobs due to a decline in the economy, often during an economic recession.

Back

Cyclical Unemployment