Asked by Vitamin Monster on Jul 08, 2024
Verified
Almost half of all spells of unemployment end when the unemployed person leaves the labor force.
Unemployment Spells
Periods during which an individual is out of work and actively seeking employment but unable to find a job.
- Highlight the variances between short-term and long-term unemployment, including what contributes to each category.
Verified Answer
NY
Natalie YazzieJul 13, 2024
Final Answer :
True
Explanation :
Many spells of unemployment end not with the finding of a new job, but when individuals stop looking for work and hence are no longer counted as part of the labor force. This can be due to various reasons such as discouragement, retirement, returning to education, or taking on family responsibilities.
Learning Objectives
- Highlight the variances between short-term and long-term unemployment, including what contributes to each category.
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