UNIVERSIDAD POLITECNICA TERRITORIAL YARACUY “ARISTIDES BASTIDAS”
INGLES I (T2 – T2) PNFEIC
DR. RANMER MARCHÁN
ENGLISH WORKSHOP OBJ. 4 (20%)
NAME: ___________________________________________
Yhersson Rodríguez
Euclides Dura. FILE: ______________________ 301
PART I READ THE TEXT AND THEN ANSWER
Unemployment
Nobody - including business professionals and those who want to be employed -
enjoys talking about unemployment, or the state of being out of work for those
who are fit to hold a job, but it’s an important consideration of the financial industry.
The unemployment rate, or the official percentage of work-eligible persons who
aren’t currently hired, is often used to gauge the health of an area’s economy
generally; broadly speaking, a high unemployment rate indicates a poorly
performing economy, while a low unemployment rate indicates a solid economy.
With that said, an unemployment rate of zero percent, meaning that every single
eligible individual in an area is employed, is entirely unrealistic, and will never be
seen. Full employment refers to an unemployment rate wherein almost every
eligible employee is working, and a rate wherein few additional individuals can be
expected to work.
The common reasons for these persons not working could include their coming
into an abundance of wealth but temporarily deciding against retirement, and their
choosing for personal reasons (such as caring for a family member) not to seek
employment.
Generally, an unemployment rate of just five percent or so is indicative of full
employment. Accordingly, when the national or statewide unemployment rate is
somewhere in the ballpark of five percent, it means that few individuals are unable
to find work.
Please answer the following questions of understanding:
1. What is unemployment? 2. What is the unemployment rate?
a) The act of being fired from a job a) The official percentage of work-
eligible persons who aren’t
b) The time employees spend
currently hired
away from the office
b) A figure that’s used to gauge the
c) The state of being out of work
overall health of an economy
for those who are fit to hold a
job c) The number of individuals
who’ve been hired in the past
d) The process of a company
month
downsizing its employee count
d) 1 and 2
3. What is full employment? 4. What unemployment rate is
generally indicative of full
a) The status of a company that
employment?
has too many staff members
a) 10%
b) The condition of employees
who’re satisfied with their work b) 50%
c) An unemployment rate wherein c) 5%
almost every eligible employee
d) rate has to be zero to call it full
is working
employment
d) None of the above
5. Low unemployment rates typically
indicate which of the following:
a) A booming economy
b) A poorly performing economy
c) No economic shift
d) Much lower-than-normal wages
