Which of the following formulas is the correct way to calculate the unemployment rate?
number of people unemployed times civilian labor force divided by 100
number of people employed divided by unemployed times 100
number of people unemployed divided by civilian labor force times 100
number of people unemployed divided by employed times 100
Which of the following groups are part of the civilian labor force?
Full time students
Children
People 16 years old and older
People who are working for pay
Stay at home parents
People who are in prison
People serving in the military
People who are looking for work
Ms. Kienitz has been looking for a job for the last 6 months, but hasn't been able to find one. In frustration she stops looking. How would she be classified?
She's a discouraged worker
She's a part time worker
She's a loser
She's a seasonal worker
You haven't been able to find a job because you lack the necessary job skills employers are looking for. What type of unemployment is this?
Frictional unemployment
Seasonal unemployment
Cyclical unemployment
Structural unemployment
You recently lost your job because the economy went into a recession. What type of unemployment is this?