Use the information below to answer the following questions.
Fact 21.2.1 Some Firms Struggle to Hire Despite High Unemployment
Matching people with available jobs is always difficult after a recession as the economy remakes itself. But labour market data suggest the disconnect is particularly acute this time. Since the recovery began, the number of job openings has risen more than twice as fast as actual hires. If the job market were working normally, openings would be getting filled as they appear. Some 5 million more would be employed and the unemployment rate would be 6.8%, instead of 9.5%.
Source: The Wall Street Journal, August 9, 2010
-Consider Fact 21.2.1. The 5 million workers who cannot find jobs because of mismatching in the labour market are counted as part of the economy's ________ unemployment because ________.
A) cyclical; the economy is rebounding from a recession
B) cyclical; there is a mismatch between their skills and the skills required for the available jobs
C) structural; there is a mismatch between their skills and the skills required for the available jobs
D) structural; the economy is rebounding from a recession
E) frictional; finding jobs after a recession is a normal part of the labour market
Correct Answer:
Verified
Q58: A zero percent unemployment rate
A)is one of
Q59: Full employment does not mean that there
Q60: If the economy is at full employment,
Q61: Frictional unemployment
A)includes discouraged searchers.
B)is voluntary part-time unemployment.
C)includes
Q62: When the unemployment rate is less than
Q64: People end unemployment when they
A)retire from a
Q65: Suppose that the natural unemployment rate is
Q67: Use the information below to answer the
Q68: If the economy is at full employment,
A)the
Q79: Henelyn lost her job as a factory
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents