Answer the following questions: Write the questions before providing the answer. Place a title (Unemployment) at the top of your paper
1. What is the current unemployment rate? (include the reference )
2. What type of unemployment (cyclical, frictional, or structural) applies to each of the following: (place the type beside the statement)
landscapers were laid off in response to a drop in new housing construction during a recession.
coal miners laid off due to EPA regulations that shut down coal-fired power
a financial analyst who quits his/her job in Chicago and is pursuing similar work in Arizona
printers laid off due to a drop in demand for printed catalogs and flyers as firms go the internet to promote an advertise their products.
factory workers in the U.S. were laid off as the plants shut down and moved to Mexico and Ireland
3. Suppose the adult population over the age of 16 is 237.8 million and the labor force is 153.9 million (of whom 139.1 million are employed). How many people are “not in the labor force?” What are the proportions of employed, unemployed, and not in the labor force in the population? Hint: Proportions are percentages.
4. What group below has the highest unemployment rates in the U.S. economy: (Highlight or place an X by your ANSWER.
White or non-White people?
The young or the middle-aged?
College graduates or high school graduates?
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