Jack lost his job six months ago, and he's been actively looking for a new job ever since. the bureau of labor statistics would classify jack as:__________

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18-08-2022
Social Studies

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Jack lost his job six months ago, and he's been actively looking for a new job ever since. the bureau of labor statistics would classify jack as:__________

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tutorconsortium201 tutorconsortium201 · Answer 1 · 2022-08-25T09:44:40+02:00

Jack lost his job six months ago, and he's been actively looking for a new job ever since. the bureau of labor statistics would classify jack as Unemployed.

What exactly is the natural rate of unemployment ?

When the economy's production is at its long-run average level, unemployment is at its natural rate.
The average unemployment rate is the point at which the economy sways.
The productive capacity of the economy and its institutions play a major role in determining the natural rate of unemployment.

What is the unemployment rate ?

The percentage of the labor force that is unemployed is the unemployment rate.
A person must be out of work and actively looking for work in order to be considered unemployed.

Which of the following cause the unemployment rate as measured by the Bureau of Labor Statistics to understate the true extent of joblessness?

The level of unemployment in the economy is overstated if part-time workers who are looking for full-time employment are counted as employed.

Learn more about unemployment

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