ECONOMICS
GDP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A person who quits work to care for aging parents
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A person who stayed home to raise his children and now starts looking for a job
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A person who quits a job to return to school full time
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A person who is qualified to teach but is driving a bus until a teaching job is available
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A person who works two part time jobs but is looking for a full time job
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Detailed explanation-1: -Option B. A person who stayed home to raise his children and now starts looking for a job is the correct answer. This person is considered unemployed because he/she is actively searching for a job.
Detailed explanation-2: -People who are jobless, looking for a job, and available for work are unemployed.
Detailed explanation-3: -Which of the following best describes the unemployed? To be classified as unemployed, a person must be without a job, currently available to work, and actively looking for work in the previous four weeks. If a person is not currently working and not looking for work, they are classified as ‘not in the labor force.
Detailed explanation-4: -Young people and black graduates most likely to be unemployed because of Covid, report finds. Young people have seen the worst rise in unemployment during the pandemic, according to new research, with young black workers nearly twice as likely as others of the same age to be unemployed.
Detailed explanation-5: -A person having no gainful work even for one hour in a day is described as unemployed for that day.