KW_Macro_Ch_15_End_of_Chapter_Problems

KW_Macro_Ch_15_End_of_Chapter_Problems - chapter 15 Labor...

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>> Labor Markets, Unemployment, and Inflation chapter 15 1. In each of the following situations, what type of unemployment is Melanie facing? a. After completing a complex programming project, Melanie is laid off. Her prospects for a new job requiring similar skills is good, and she has signed up with a programmer placement service. She has passed up low-paying job offers. b. When Melanie and her co-workers refused to accept pay cuts, her employer outsourced her programming tasks for workers in another country. This phenomenon is occurring throughout the programming industry. c. Due to the current slump in investment spending, Melanie has been laid off from her programming job. Her employer promises to re-hire her when business picks up. 2. Each month, usually on the first Friday of the month, the Bureau of Labor Statistics releas- es the Employment Situation Summary for the previous month. Part of the information released concerns how long individuals have been unemployed. Go to www.bls.gov to find the latest report. On the Bureau of Labor Statistics home page, click on the unemployment rate, choose the Employment Situation Summary, and then click on the table titled “Unemployed persons by duration of unemployment.” Use the seasonally adjusted numbers for your answers to the following questions. PROBLEMS
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a. How many workers were unemployed less than 5 weeks? What percentage of all unem- ployed workers do these workers represent? How do these numbers compare to the pre- vious month’s data? b. How many workers were unemployed 27 or more weeks? What percentage of all unem- ployed workers do these workers represent? How do these numbers compare to the pre- vious month’s data?
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KW_Macro_Ch_15_End_of_Chapter_Problems - chapter 15 Labor...

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