1.4.2 [related to the Economics in Practice on p. 605] The Economics in Practice states that job...
Question:
1.4.2 [related to the Economics in Practice on p. 605] The Economics in Practice states that job applicants who have been unemployed for a long period of time have a more difficult time getting job interviews than do those applicants who have been unemployed for a shorter time period. Go to www.bls.gov and do a search for “Table A-12: Unemployed persons by duration of unemployment.”
Look at the seasonally adjusted data for the current month and for the same month in the previous year.
What happened to the “number of unemployed” and the
“percent distribution” over that year for those who were unemployed 15 to 26 weeks and for those who were unemployed 27 weeks and over? Does this data seem to support the findings in the Economics in Practice? Explain.
Step by Step Answer:
Principles Of Economics
ISBN: 9780802845610
12 Global Edition
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster