Homework Answers
a) U3 excludes discouraged, marginally attached as well as part time workers.
Unemployed = 7.4 million.
Employed = 142.8 - 2.8 = 140 million.
Labor force = Unemployed + Employed = 7.4 + 140 = 147.4 million.
Unemployment rate = unemployed / labor force
= 5.29%
b) Unemployment rate = (unemployed + discouraged) / (labor force + discouraged)
= (7.4 + 0.451)/(147.4 + 0.451)
= 5.31%
c) Marginally attached = 4.8 million
Unemployment rate = (unemployed + marginally attached) / (labor force + marginally attached)
= (7.4 + 4.8)/(147.4 + 4.8)
= 8.02%
d) Unemployment rate = (unemployed + marginally attached + part time) / (labor force + marginally attached + part time)
= (7.4 + 4.8 + 2.8)/(147.4 + 4.8 + 2.8)
= 9.68%
Add Answer to:
1. In December 2005, the BLS estimated there were 7.4 million unemployed, 142.8 million employed (including...
Category Millions total population 310 population 16 and above 250 employed 192 unemployed 8.00 structurall...
Category Millions total population 310 population 16 and above 250 employed 192 unemployed 8.00 structurally unemployed 4.00 frictionally unemployed 2.00 unemployed more 27 weeks or more 2.00 marginally attached workers 2.00 discouraged workers 1.00 workers who are part time but want full time 0.10 Please calculate the labor force participation rate. What is the "headline" (U-3) unemployment rate?
7. The BLS reported that in July 2012, employment decreased by 195,000 to 142,220,000 and the...
7. The BLS reported that in July 2012, employment decreased by 195,000 to 142,220,000 and the unemployment rate increased from 8.2 percent in June 2012 to 8.3 percent in July 2012. About 3.4 million people were marginally attached workers and 0.9 million of them were discouraged Part 1. In July 2012, the number of unemployed changed by? (If the number of unemployed decreases, include a minus sign. If the number of unemployed increases, do not include a plus sign). Part...
Category Millions total population 310 population 16 and above 250 employed 192 8.00 unemployed structurally unemployed...
Category Millions total population 310 population 16 and above 250 employed 192 8.00 unemployed structurally unemployed 4.00 frictionally unemployed 2.00 unemployed more 27 weeks or more 2.00 marginally attached workers 2.00 discouraged workers 1.00 workers who are part time but want full 0.10 time What is the "headline" (U-3) unemployment rate? You should recall that in class we introduced one way of measuring long-term unemployment. From data in the above table, what would it be? For this question and the...
Simply counting the number of unemployed workers will not necessarily give the Bureau of Labor Statistics...
Simply counting the number of unemployed workers will not necessarily give the Bureau of Labor Statistics (BLS) the most accurate indication of the extent of underemployment in the economy. Some part-time workers will be counted as employed even if they'd like to work full-time. Furthermore, some jobless workers will not qualify as unemployed because they have given up on their job search, frustrated with their inability to find work. Fortunately, the BLS can use the information provided in the household...
If 4 million people are collecting unemployment insurance benefits, 12 million people are officially unemployed, 113...
If 4 million people are collecting unemployment insurance benefits, 12 million people are officially unemployed, 113 million people are employed, and there are 2 million discouraged workers, (a) How many people are in the labor force? (b) What is the unemployment rate?
Category Millions total population 310 population 16 and above 250 employed 192 unemployed 8.00 structurally unemployed...
Category Millions total population 310 population 16 and above 250 employed 192 unemployed 8.00 structurally unemployed 4.00 frictionally unemployed 2.00 unemployed more 27 weeks or more 2.00 marginally attached workers 2.00 discouraged workers 1.00 workers who are part time but want full time 0.10 What is the value of the natural rate of unemployment? What is the U-6 unemployment rate? It is sometimes called the "underemployment rate" or a "broad measure of unemployment.
Question 5 0.03/0.1 pts Which of the following groups are considered unemployed in the u-6 unemployment...
Question 5 0.03/0.1 pts Which of the following groups are considered unemployed in the u-6 unemployment rate calculation? (check all that apply) ✓ workers who are marginally-attached to the labor force part-time workers looking for full-time positions discouraged workers retirees
8.00 Category Millions total population 310 population 16 and above 250 employed 192 unemployed structurally unemploy...
8.00 Category Millions total population 310 population 16 and above 250 employed 192 unemployed structurally unemployed 4.00 frictionally unemployed 2.00 unemployed more 27 weeks or more 2.00 marginally attached workers discouraged workers 1.00 workers who are part time but want full time 2.00 0.10 What is the value of the natural rate of unemployment? What is the U-6 unemployment rate? It is sometimes called the "underemployment rate" or a "broad measure of unemployment.
The Bureau of Labor Statistics (BLS) adjusts the numbers from the household survey to estimate the...
The Bureau of Labor Statistics (BLS) adjusts the numbers from the household survey to estimate the employment picture for the entire population. Once the adjustment is made, the BLS uses the figures to generate key employment indicators.The following table presents information from the household surveys conducted for November 2017 and, for purposes of comparison, November 2016 . The numbers in the table are listed in thousands. For example, the number of unemployed in the table for November 2017 indicates that...
2. Labor Force Participation 75 % #Unemployed =50 million #Working Age Population 200 Million A) Calculate:...
2. Labor Force Participation 75 % #Unemployed =50 million #Working Age Population 200 Million A) Calculate: #Employed, #Labor Force, #Not in Labor Force and Unemployment Rate B) If the economy was in recession and is now starting an expansion would we expect unemployment to increase or decrease? Which types of unemployment should change? C) The next unemployment numbers are reported and unemployment rises, is this consistent with your estímate in B? Explain why the increase in unemployment may be due...
7. The BLS reported that in July 2012, employment decreased by 195,000 to 142,220,000 and the unemployment rate increased from 8.2 percent in June 2012 to 8.3 percent in July 2012. About 3.4 million people were marginally attached workers and 0.9 million of them were discouraged Part 1. In July 2012, the number of unemployed changed by? (If the number of unemployed decreases, include a minus sign. If the number of unemployed increases, do not include a plus sign). Part...
Category Millions total population 310 population 16 and above 250 employed 192 8.00 unemployed structurally unemployed 4.00 frictionally unemployed 2.00 unemployed more 27 weeks or more 2.00 marginally attached workers 2.00 discouraged workers 1.00 workers who are part time but want full 0.10 time What is the "headline" (U-3) unemployment rate? You should recall that in class we introduced one way of measuring long-term unemployment. From data in the above table, what would it be? For this question and the...
Question 5 0.03/0.1 pts Which of the following groups are considered unemployed in the u-6 unemployment rate calculation? (check all that apply) ✓ workers who are marginally-attached to the labor force part-time workers looking for full-time positions discouraged workers retirees
8.00 Category Millions total population 310 population 16 and above 250 employed 192 unemployed structurally unemployed 4.00 frictionally unemployed 2.00 unemployed more 27 weeks or more 2.00 marginally attached workers discouraged workers 1.00 workers who are part time but want full time 2.00 0.10 What is the value of the natural rate of unemployment? What is the U-6 unemployment rate? It is sometimes called the "underemployment rate" or a "broad measure of unemployment.
The Bureau of Labor Statistics (BLS) adjusts the numbers from the household survey to estimate the employment picture for the entire population. Once the adjustment is made, the BLS uses the figures to generate key employment indicators.The following table presents information from the household surveys conducted for November 2017 and, for purposes of comparison, November 2016 . The numbers in the table are listed in thousands. For example, the number of unemployed in the table for November 2017 indicates that...
2. Labor Force Participation 75 % #Unemployed =50 million #Working Age Population 200 Million A) Calculate: #Employed, #Labor Force, #Not in Labor Force and Unemployment Rate B) If the economy was in recession and is now starting an expansion would we expect unemployment to increase or decrease? Which types of unemployment should change? C) The next unemployment numbers are reported and unemployment rises, is this consistent with your estímate in B? Explain why the increase in unemployment may be due...
Most questions answered within 3 hours.
-
In JAVA please (need answers in a few hours!)
Exercise #2: Design and implement a program...
asked 1 hour ago -
The mass spectrum of an organic compound shows the relative
abundances of M to be 53.76%...
asked 2 hours ago -
Coca Cola’s strategy of “think local, act local” represents a
__________ approach.
Question options:
1)
transnational...
asked 3 hours ago -
which of the following is not a category of project management
risk?
a) external
b) internal...
asked 3 hours ago -
Focus on Critical Thinking: Are citizen suit provisions an
effective way to achieve environmental objectives? Do...
asked 4 hours ago -
Gaseous butane CH3CH22CH3 will react with gaseous oxygen O2 to
produce gaseous carbon dioxide CO2 and...
asked 4 hours ago -
Required to construct counters using synchronous sequential
logic. Use one hex digit to display the result....
asked 4 hours ago -
(Ultra) Large-Scale Systems –Characteristics?
explain in detail
How the nature of an enterprise affect complex...
asked 4 hours ago -
Some of the antibiotic susceptible strains show colonies within
the clear zone. What it does this...
asked 5 hours ago -
In the lottery game Fantasy 5 you have to select 5 numbers from
the numbers {1,2,3,.......,38,39}....
asked 5 hours ago -
A call option on Jupiter Motors stock with an exercise price of
$80 and one-year expiration...
asked 5 hours ago -
What is the disadvantage of an automated vulnerability scan tool
like Nessus?
prone to false negatives...
asked 5 hours ago