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Celeste Trujillo
on Nov 16, 2024

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Rupert is collecting unemployment insurance benefits. To continue to receive his benefits, he must be looking for work. Because he'd like to continue collecting benefits rather than take a job, he applies at places that are unlikely to hire him. People like Rupert make the reported unemployment rate less than it would otherwise be.

Unemployment Insurance Benefits

Payments made by authorized bodies to unemployed workers who meet the eligibility requirements, intended to provide temporary financial assistance.

Reported Unemployment Rate

The proportion of the labor force that is jobless and actively seeking employment, officially announced or published by government agencies.

  • Realize the role of unemployment benefits and job search behavior in the unemployment rate.
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Babebi MolatoNov 21, 2024
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