Chp. 10 - Unemployment - Chp. 10 - Unemployment According...

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Chp. 10 - Unemployment According to the Bureau of Labor Statistics (BLS), a person is considered unemployed if he or she did not work for pay during the last week and was temporarily laid off or was actively looking for a job. The labor force includes all people considered employed or unemployed by the Bureau of Labor Statistics. The labor force includes all people considered employed or unemployed by the Bureau of Labor Statistics. o To be employed , a person had to have worked at least one hour for pay in the previous week. o To be unemployed , a person must have been temporarily laid off or have been actively seeking work, and must have worked less than an hour for pay in the previous week. Discouraged workers are jobless workers who have given up on searching for work--the BLS excludes them from the labor force. Many people want full-time work but can only find part-time employment. The unemployment statistics count a person as employed whether he or she works one hour
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This note was uploaded on 04/07/2008 for the course ECON 252 taught by Professor Robertholand during the Fall '08 term at Purdue University-West Lafayette.

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Chp. 10 - Unemployment - Chp. 10 - Unemployment According...

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