2.3 Activities by Justin Croyle https://padlet.com/87405/rdvtuq99xbfa en-us 2019-09-12 11:48:50 UTC 2019-09-13 01:24:09 UTC hello@padlet.com What agency measures the unemployment rate? 87405 https://padlet.com/87405/rdvtuq99xbfa/wish/383181307 The Bureau of Labor Statistics measures the unemployment rate.]]> 2019-09-12 11:49:20 UTC https://padlet.com/87405/rdvtuq99xbfa/wish/383181307 Who gets classified as employed? 87405 https://padlet.com/87405/rdvtuq99xbfa/wish/383181623 People are employed if they did any work at all for pay which includes part-time and full-time jobs.]]> 2019-09-12 11:50:21 UTC https://padlet.com/87405/rdvtuq99xbfa/wish/383181623 Who gets classified as being in the labor force? 87405 https://padlet.com/87405/rdvtuq99xbfa/wish/383181955 First, all of the people employed are in the labor force (part-time and full-time jobs) and then the unemployed are also in the labor force which includes people who do not have a job, have actively looked for a job in the past four weeks, and are currently available for work.]]> 2019-09-12 11:51:06 UTC https://padlet.com/87405/rdvtuq99xbfa/wish/383181955 How is the unemployment rate calculated? 87405 https://padlet.com/87405/rdvtuq99xbfa/wish/383182899 The unemployment rate is calculated by taking the number of unemployed persons and dividing by the number of people in the labor force.]]> 2019-09-12 11:52:56 UTC https://padlet.com/87405/rdvtuq99xbfa/wish/383182899 How can the unemployment rate increase at the same time that employment is increasing? 87405 https://padlet.com/87405/rdvtuq99xbfa/wish/383183422 This could occur if there is a big increase in population. Employment will increase because some of those new people will get jobs which increases employment, but the unemployment rate will also increase because there are now a higher percentage of people who do not have a job because a portion greater than the current unemployment rate of that increase in population is unemployed.]]> 2019-09-12 11:54:10 UTC https://padlet.com/87405/rdvtuq99xbfa/wish/383183422 Which kind of unemployment do you think would be easiest to tolerate? Why? 87405 https://padlet.com/87405/rdvtuq99xbfa/wish/383187604 The kind of unemployment that would be easiest to tolerate would be frictional unemployment because we want people to search for the best option for them and if people settled for an easy job, we would be using our resources inefficiently.]]> 2019-09-12 12:03:07 UTC https://padlet.com/87405/rdvtuq99xbfa/wish/383187604 Which do you think would be the most destructive to the unemployed person or his or her family? Why? 87405 https://padlet.com/87405/rdvtuq99xbfa/wish/383190216 I think that cyclical unemployment would be the most destructive to the unemployed person or his or her family because cyclical unemployment is very unpredictable which means that you cannot even have a steady income. Furthermore, cyclical is destructive because you could potentially be fired at any time not because you were doing a bad job but because the demand went down.]]> 2019-09-12 12:07:48 UTC https://padlet.com/87405/rdvtuq99xbfa/wish/383190216 Tommy, an electrician's apprentice who installs electric wiring in New York City skyscrapers, is often unemployed during January and February 87405 https://padlet.com/87405/rdvtuq99xbfa/wish/383581497 This is seasonal unemployment because Tommy is prevented from working his job because of the wintry conditions in January and February. ]]> 2019-09-13 01:09:41 UTC https://padlet.com/87405/rdvtuq99xbfa/wish/383581497 Mrs. Coughlin just sent her youngest child off to school. She hopes to return to secretarial work which she has done previously. 87405 https://padlet.com/87405/rdvtuq99xbfa/wish/383582196 This is frictional unemployment because she left the labor force but intends to re-enter at a future date with similar work.]]> 2019-09-13 01:13:09 UTC https://padlet.com/87405/rdvtuq99xbfa/wish/383582196 During a downswing in the business cycle, Pat, a worker at a refrigerator plant, loses her job. 87405 https://padlet.com/87405/rdvtuq99xbfa/wish/383582636 This is cyclical unemployment because there was a decrease in demand which caused Pat to lose her job because the plant did not need as many people.]]> 2019-09-13 01:15:14 UTC https://padlet.com/87405/rdvtuq99xbfa/wish/383582636 Karen worked as a proofreader at a magazine's main office. Her editor now does Karen's work on a computer. 87405 https://padlet.com/87405/rdvtuq99xbfa/wish/383582961 This is structural unemployment because Karen's job was eliminated by the editor on the computer which is why she no longer does that job.]]> 2019-09-13 01:16:46 UTC https://padlet.com/87405/rdvtuq99xbfa/wish/383582961