Asked by Samantha Allen on Jun 12, 2024
Verified
Which of the following people would be considered unemployed?
A) A 55 year-old steel worker who was laid off 18 months ago and has given up trying to find a job
B) A woman who has quit college to move to New York where she is looking for a modeling job
C) A young man who has recently received his Ph.D.but who is driving a taxi because of an inability to find a teaching job
D) All of the choices are correct
Unemployed
Individuals who are capable of working and are seeking work but are unable to find any, often measured by the unemployment rate.
Laid Off
The temporary or permanent termination of employment, typically due to economic conditions or company restructuring, not related to the worker's performance.
Modeling Job
Employment in the field of fashion or advertisement where individuals showcase clothing, accessories, or other products.
- Distinguish among the different forms of unemployment and identify their underlying causes.
Verified Answer
PB
Paula BissetteJun 14, 2024
Final Answer :
B
Explanation :
CB) A woman who has quit college to move to New York where she is looking for a modeling job is considered unemployed because she is actively seeking work. C) A young man who has recently received his Ph.D. but is driving a taxi due to an inability to find a teaching job is also considered unemployed, as he is overqualified for the job he is doing and is likely still seeking employment in his field. A) is not considered unemployed in labor statistics because he has given up trying to find a job.
Learning Objectives
- Distinguish among the different forms of unemployment and identify their underlying causes.