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Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 2
Employment and Unemployment
Some Firms Struggle to Hire Despite High Unemployment
With about 15 million Americans looking for work, some employers are swamped with job applicants, but many employers can't hire enough workers. The U.S. jobs market has changed. During the recession, millions of middle-skill, middle-wage jobs disappeared. Now with the recovery, these people can't find the skilled jobs that they seek and have a hard time adjusting to lower-skilled work with less pay.
If the government extends the period over which it pays unemployment benefits to 99 weeks, how will the cost of unemployment change?
Some Firms Struggle to Hire Despite High Unemployment
With about 15 million Americans looking for work, some employers are swamped with job applicants, but many employers can't hire enough workers. The U.S. jobs market has changed. During the recession, millions of middle-skill, middle-wage jobs disappeared. Now with the recovery, these people can't find the skilled jobs that they seek and have a hard time adjusting to lower-skilled work with less pay.
If the government extends the period over which it pays unemployment benefits to 99 weeks, how will the cost of unemployment change?
Explanation
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All unemployment is costly, but the most...
Macroeconomics 11th Edition by Michael Parkin
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