discussionsectionhandout5answersfall2007

discussionsectionhandout5answersfall2007 - Econ 102: Fall...

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Econ 102: Fall 2007 Discussion Section Handout #5 Exercise 1: Labor Force Indicate whether the following people are employed, unemployed, or out of the labor force. If they are unemployed indicate whether their unemployment is structural, cyclical, frictional, or seasonal if possible. a) A full-time student who does not work If the student is not looking for work, then she is not in the labor force. If she is looking for work, she is unemployed. b) An auto assembly-line worker who was laid-off when his plant was closed for production changes and has not been looking for work. Even though he is not looking for work, because he plans to return to work after the production plant’s change-over, he is considered unemployed. c) A stay-at-home mother Assuming she is not looking for work or self-employed, she is not in the labor force. d) A retired aero-space engineer that bags groceries part time Employed.
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discussionsectionhandout5answersfall2007 - Econ 102: Fall...

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