{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

13 UNEMPLOYMENT - SECTION 13 UNEMPLOYMENT UNEMPLOYMENT AND...

Info icon This preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon
SECTION 13: UNEMPLOYMENT UNEMPLOYMENT AND EMPLOYMENT EMPLOYMENT ACT OF 1946: It is the responsibility of the Federal government to seek “maximum employment” CIVILIAN NONINSTITUTIONAL POPULATION (CNP) DEFINITION: Monthly Labor Review All persons age 16 and over who are not inmates of penal or mental institutions, sanitariums, or homes for the aged, infirm or needy This is the potential labor force It includes students, old people and retirees
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
EMPLOYED (E) 1. Worked for pay any time during the week which includes the 12 th day of the month 2. Worked unpaid for 15 hours or more in a family-operated business 3. Temporarily absent due to illness, vacation, etc. A person with 2 jobs is counted only once. UNEMPLOYED (U) 1. Did not work during the survey week 2. Available for work 3. Had looked for jobs within the preceding 4 weeks or 4. Did not look for work because they were laid off Persons who do not have a job, would like one, and are actively seeking a job
Image of page 2
NOT IN THE LABOR FORCE (N) Everyone in the civilian noninstitutional population who is not classified as employed or unemployed CIVILIAN LABOR FORCE (LF) = Employed + Unemployed = All employed or unemployed persons in the Civilian Noninstitutional Population = all individuals who have a job or are actively seeking work LF = E + U LF ignores people in the military UNEMPLOYMENT RATE = Number unemployed as a percentage of the labor force = (Unemployed / Labor Force) x 100% = U / LF x 100%
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
\EMPLOYMENT RATE = Number employed as a percentage of the labor force = (Number employed / labor force) x 100% = E / LF x 100% LABOR FORCE PARTICIPATION RATE = Labor force as a percentage of the civilian noninstitutional population = (Labor force / civilian noninstitutional population) x 100% = (LF / CNP) x 100% EXAMPLE: Population in 2000 = 272.8 million 1. Under 16, military, institutionalized 64.0 million 2. Employed 135.2 million 3. Unemployed 5.7 million 4. Not in labor force 67.9 million ____ Total 272.8 million
Image of page 4
Image of page 5

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Civilian noninstitutional population
Image of page 6
Image of page 7
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern