This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: U rate maybe overstated because Decreases in rate due to increases in people dropping out (discouraged workers) Decreases due to government accounting of false information geography Reasons for Unemployment: 1. Job loser: person either fired or laid off (51.5%) 2. Job Leaver: person who quits (11.5%) 3. Reentrant: person previously employed who hasn’t worked for some time (30.2%) 4. New entrant: person never held a full-time job for 2 weeks or longer; not looking (6.8%)...
View Full Document
- Spring '11
- Unemployment, labor force, Discouraged worker, Unemployment Civilian Labor, Actual Unemployment vs