ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A person is hired into a new job
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Someone who was previously laid off is rehired
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An unemployed person stops looking
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ALL of these answers are CORRECT
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Detailed explanation-1: -More schools, hospitals, health care clinics in the rural and urban areas will not only create employment during their construction but also, and more important, when they start working to provide education and health services. Their working provides employment to both the educated and unskilled persons.
Detailed explanation-2: -Some explanations from the U.S. Bureau of Labor Statistics (BLS) include the following: Desire for higher wages reducing interest in low-paying jobs. Higher pace of retirements due to an aging population.
Detailed explanation-3: -Which of the following can be responsible for a drop in the unemployment rate? There is an increase in the number of discouraged workers. A rise in the number of people employed can occur for several reasons. The number of people unemployed can fall because people who were looking for jobs got them.
Detailed explanation-4: -There is only one official definition of unemployment-people who are jobless, actively seeking work, and available to take a job, as discussed above. The official unemployment rate for the nation is the number of unemployed as a percentage of the labor force (the sum of the employed and unemployed).