Chapter 5 Unemployment
LEARNING OBJECTIVES学习目标:
Understand the measurement of unemployment statistics
Examine the difference between frictional and structural unemployment
Discuss sources of unemployment and some policies that the government might use to lower unemployment
LECTURE VIDEO学习视频1:
LEARNING OUTLINE学习大纲:
The unemployment rate ("u-rate") is the percentage of those who would like to work but do not have jobs.
Adult population= Labor force + Not in labor force
Labor force = Employed + Unemployed
Employed is anyone 16 or older who worked any hours during the past week. They can be paid employees or self-employed, unpaid workers in a family-owned business, and people who didn't work during the week if they were temporarily absent due to vacation, illness, or other reason.
Unemployed are people not working who have looked for work during previous 4 weeks.
Not in labor force includes:
(1) People who would like work, but haven't looked for it in the last month. They include the "marginally attached," who did look in the past year. A "marginally attached" worker is someone who:
-is currently not in the labor force
-wants full-time work
-has actively looked for a job sometime in the past 12 months
They had school, ill health, or transportation problems that kept them from looking in the past month.
Others are "discouraged workers." They don't believe there are any jobs.
(2) Groups who aren't looking for work. They include students, homemakers, and retired people.
Definition of unemployment rate: the percentage of the labor force that is unemployed.
Definition of labor-force participation rate: the percentage of the adult population that is in the labor force.
PRACTICE 习题1：
