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
a. Labor force in 1987 = Employed persons + Unemployed persons = 112,440,000 + 7,425,000 = 119,865,000
b. Labor force in 1992 = Employed persons + Unemployed persons = 117,598,000 + 9,384,000 = 126,982,000
c. Unemployment rate in 1987 = (Unemployed persons/Labor force in 1987)*100 = (7,425,000/119,865,000)*100 = 6.19%
d. Unemployment rate in 1992 = (Unemployed persons/Labor force in 1992)*100 = (9,384,000/126,982,000)*100 = 7.39%
e. Employment rate in 1987 = (Employed persons/Labor force in 1987)*100 = (112,440,000/119,865,000)*100 = 93.81%
Calculating Unemployment Given the following information about a country’s population, answer the questions which follow. Make...
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...
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?
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33 is more than one answer
QUESTION 32 Mr. Loon is crazy. He is institutionalized at a state mental hospital where he has a job teaching bird calls to other inmates. He will be counted in which of the following categories: Ob. Employed Ok. Represents three jobs in the Establishment Survey calculations of total employment O c. Unemployed Oh. Cyclically unemployed i. Represents one job in the Establishment Survey calculations of total employment. 1. Frictionally unemployed d. Not in...
9. Suppose the civilian non-institutionalized population =200m. Unemployed persons = 8m, employed persons=126m. What is the unemployment rate? a. .063 or 6.3% b. .67 or 67% c. .63 or 63% d. none of the above
10. Measuring employment, unemployment, and tabor force participationConsider a small economy composed of six people: Raphael, Susan, Alex, Becky, Eileen, and Clancy. Each person's employment status is described in the following table.Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person's status as employed, unemployed, "not in the tabor force" (if not in the civilian labor force but still part of the adult population), or "not in the adult population" if not in the civilian...
Use the table below to answer the questions that follow: Civilian non-institutional population of men 101260 Employed men 72534 Unemployed men 3048 Civilian non-institutional population of women 109483 Employed women 63302 Unemployed women 2605 a) Calculate the LFPR for men and women. b) Calculate the UE rate for men and women. c) Calculate the number of men and women not in the labor force. d) The Governor is offering a $5000 stipend per year for all individuals enrolled in a...
be Employment/Business Cycles Assignment Chp.9 Use your textbook and lecture notes to answer the following questions The discussion question (1 and 2) must be a minimum of 2 paragraphs each, either typed (12 font) or written on a separate sheet of paper,f can't read your writing, please, type to receive full credit. 1. Discuss the worst economic times and the best economic times use economic terms. 2. Discuss the best periods of employment using a periodic time table. 3. Using...
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...
(All numbers in thousands) In December 2016, the civilian non-institutional population was 254,742. The number of employed workers was 152,11 The number of unemployed workers was 7,529. The number not in the labor force is 95,102. What was the labor force participation rate? What was the employment rate? What was the unemployment rate? Why might the unemployment rate might underestimate the severity of an economic downturn?
A country has a total civilian population of 400 million, of which 300 million are over age 16. Of this population, 225 million are employed, 25 million are unemployed, and the remainder of the population is not in the labor force. Then, the unemployment rate is [Select] 9, the employment- population ratio is [Select ] , and the labor force participation rate (labor force divided by the civilian working-age population) is [Select]