What is those who worked as paid employees, worked in their own business, or worked as unpaid workers in a family member’s business (both part time and full time)
100
Labor Force = 14 million, Adult Population = 22 million: the participation rate
What is 63%
100
Hopkins Motto in English and Latin
What is "Quod Felix Faustumque Sit", "May it be happy and fruitful"
200
People employed by this government agency (department and bureau please) calculate our country's unemployment rate on a monthly basis
What is the Department of Labor and the Bureau of Labor Statistics (BLS)
200
Unemployed
What is those who were not employed, available for work and tried to find employment during the previous four weeks, and those waiting to be recalled to a job from which they were laid off
These are two possible "occupations" of a person who does not qualify as being in the labor force
What is retiree, student, homemaker, etc
300
Structural Unemployment
What is unemployment that results because the number of jobs available in some labor markets is insufficient to provide a job for everyone who wants one
Automatic points for the first team to correctly say "Bananana"
What is "Bananana"
400
These ideals help explain why unemployment is always present and that perfect employment is impossible
What is Frictional and Structural Unemployment
400
Cyclical
What is the deviation of Unemployment from its natural rate
400
Labor Force = 256 million, if the ideal unemployment rate is 4.7%, this many people must be employed
What is 244 million
400
This state begins with "Californ"
What is "California"
500
Unemployment is currently at 8.3%, how do you suppose we lower it down to a more reasonable level?
What is "if you have an answer to this you should not be in this class but rather in the white house"
500
Fricional Unemployment
What is unemployment that results because it takes time for workers to search for the jobs that best suit their tastes and skills
500
If there are 497 million people in the labor force and only 367 million jobs, but then 65 million people die in a terrible earthquake, these are the old and new unemployment rates