Labor force=14,800
Employed person=14,480
Unemployed people=labor force- employed person
=14,800-14,480
=320
Unemployment rate
= (number of unemployed \ labour force)*100
=(320\14,800)*100
=2.16%
5. In September 2017 the labor force in Hamden, Connecticut, was 14,800. There were 14,480 persons...
1. If persons not in the labor force total 4 million and persons in the civilian labor force total 60 million, then how many persons are unemployed? a.57 million b.64 million c.20 million d.There is not enough information to answer the question. ( for this question I pick b). 2. Exhibit 6-1 Year CPI 1 107.6 2 106.6 3 113.6 4 118.3 Refer to Exhibit 6-1. Prices changed by _________ percent between year 1 and year 2. a.1.0 b.-0.9 c.-2.1...
ECO 311 Spring 2019 Problem 1 Computing Labor Force Statistics 1. The following data were obtained for November 2009 and November 2018 from the Department of Labor, Bureau of Labor Statistics Nov. 2002 Nov. 2018 Total Population 308,526,000 328,997,000 PLf-Noninstitutional Civilian Population 236,743,000 258,708,000 72,794,000 83,219,000 9,171,0003,106,000 65,587,000 73,576,000 6,169,000 2,869,000 33,479,000 38,811,000 Aged 16 Years and Older Men Employed Men Unemployed Women Employed Women Unemployed Men Not in the Labor Force Compute the following labor force statistics for each...
Picture an economy with 100,000 workers in its labor force. The unemployment rate is simply the number of unemployed workers divided by the number of workers in the labor force. At the beginning of January, the unemployment rate is 4.76%, so 4,760 people in the labor force are unemployed. Suppose that in January, 10% of the workers who were unemployed at the beginning of the month start new jobs. This means that ________ people leave the unemployment category in January....
In 2019 there were 120 million people in the labor force and 110 million people were employed. If the labor force grows to 125 million people in 2020 and 112 million are employed in 2020, the unemployment rate has decreased. True False
You are given the following information, in millions of persons. Total Population 302 Civilian Non-Institutional Population ≥ 16 243Employed 151Unemployed 14 1. What is the U3 unemployment rate (one decimal place)? 2. What is the labor force participation rate (one decimai place)? 3. What is the employment-population-ratio? Suppose 6 million of the unemployed become discouraged and give up looking. 4. What is the new value of the labor force participation rate? 5. What is the new value of the U3 unemployment rate?
3. The table below shows unemployment and labor force statistics for an economy.Actual rate of unemployment3%Natural rate of unemployment4%Population of the country125mitlonNumber of people employed97miltionNumber of people unemployed3 millionNumber of people employed part-time5 millionNumber of discouraged workers2 milliona. Calculate the size of the labor force.b. Calculate the labor force participation rate. Show your work.c. Given the state of the economy described in the table, is actual real output less than, greater than, or equal to potential real output? Explain.d. Calculate...
in 2007 the us labor force was equal to thousands QUESTION 1 Refer to the data in the table to answer all of the questions that follow. All of the numbers are from the Bureau of Labor Statistics. The Civilian Noninstitutional Population' is defined as "persons 16 years of age and older residing in the 50 states and the District of Columbia who do not live in institutions (for example. correctional facilities, long-term care hospitals, and nursing homes) and who...
Calculating Unemployment Given the following information about a country’s population, answer the questions which follow. Make sure you show all of your calculations. 1987 1992. Non-institutionalized, civilian, 182,753,000 191,576,000 Adult population Employed persons 112,440,000 117,598,000 Unemployed persons 7,425,000 9,384,000 What was the employment rate in 1992? __________ What was the labor force participation rate in 1987? ___________ What was the labor force participation rate in 1992? ___________ Explain how the unemployment rate can increase even if the...
Question 19 4 pts Exhibit 6-2 Civilian Civilian Employed Noninstitutional Year Labor Force Persons Population (millions) (millions) (millions) 250 200 175 400 2 300 200 400 3 500 350 720 4 1000 800 Refer to Exhibit 6-2. The unemployment rate in year 3 is O 33 1/3 percent. O 121/2 percent. 50 percent. O 25 percent. O 66 2/3 percent.
The following table contains U.S. employment information from June 2019. Civilian Population (Persons 16 years old and over) 259,037,000 Employed (Persons) 157,005,000 Unemployed (Persons) 5,975,000 Discouraged (Persons) 425,000 The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measure of labor underutilization, which is calculated as follows Fill in the following table by calculating the official unemployment rate and the U-4 measure of labor underutilization. Official Unemployment Rate...