all about unemployment

what is unemployment?

• people who are actively searching for jobs but are unable to find any

• people who lost their job but are not looking for a new one

• people who are actively searching for jobs and are able to find one

• people who lost their job but are not interested in working

True or False: The U.S. had a higher unemployment rate in the year 2000.

• true

• false

How many types of unemployment did we discuss in the presentation?

• 6

• 4

• 3

• 5

What is frictional unemployment?

• when workers are temporarily out of work while changing jobs

• when workers got fired and are looking for new jobs

• when people fled their country to find new jobs

• when workers left their jobs but haven’t found a new one yet

What is underemployment ?

• when people have jobs and are working to their full capacity or skill level

• when people who don't have jobs got offered a part-time job

• when workers work in jobs where they are being properly utilized

• when workers work part-time but would prefer full-time jobs

what is long-term unemployment?

• actively looking for a job for over 4 weeks

• the emotional and financial costs can be very damaging

• a lower percentage of the unemployed people fall into this category

• all of the above

what is seasonal unemployment?

• affected because of the change of weather

• results from regular changes in the season

• affected because of the change of season

• results from irregular changes in the season

True or False: An ice cream vendor is a part of long-term unemployment.

• true

• false