Question

Employment Unemployment Rate homeboyment Labor Force Labor Force Adult (in Population thousands) (in thousands) | Number Employed Unemployed (in Year in thousands) thousands) 2019 5,989 157,529 2018 6,308 155,760 2017 6,979 153,334 2016 7,757 151,439 2015 8,294 148,845 2014 9,602 146,319 2013 11,457 143,941 2012 12,499 142,475 2011 13,739 139,885 2010 14,808 139,077 2009 14,295 139,894 Labor Force Participation Rate 63.1% 62.9% 62.8% 62.8% 62.7% 62.9% 63.3% 63.7% 64.1% 64.7% 65.4% *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. The economy witnessed the sharpest change in the unemployment rate from O A. 2010 to 2011 as a result of the rise in the Chinese economy. O B. 2008 to 2009 as a result of the financial crisis that hit the United States starting in late 2007 O C. 2009 to 2010 as a result of the financial crisis that hit the United States starting in late 2007. OD. 2005 to 2006 as a result of the rise in the Chinese economy. Use the data on the size of the labor force and potential workers to compute the percentage of adults out of the labor force for the year 2012 The percentage of adults out of the labor force in 2012 was %. (Round your response to two decimal places.) Which of the following is not one of the general trends that you observed in the table? O A. There has been a steady increase in both the size of the adult population and the labor force participation rate between 2009 and 2019. O B. The unemployment rate from 2009 to 2011 was significantly higher than in previous years. O C. The unemployment rate moved up and down between 2009 and 2019. OD. Between 2008 and 2010 the unemployment rate increased while the size of the labor force decreased Click to select your answer(s).

Answer 1

Year	Number of Unemployed	Employed	LFPR	Employment rate%	Unemployment rate%	LF	Adult Pop	Change in Unemployment rate
2019	5989	157529	63.1	96.34%	3.66%	163518	259141	-0.23%
2018	6308	155760	62.9	96.11%	3.89%	162068	257660	-0.46%
2017	6979	153334	62.8	95.65%	4.35%	160313	255275	-0.52%
2016	7757	151439	62.8	95.13%	4.87%	159196	253497	-0.41%
2015	8294	148845	62.7	94.72%	5.28%	157139	250620	-0.88%
2014	9602	146319	62.9	93.84%	6.16%	155921	247887	-1.21%
2013	11457	143941	63.3	92.63%	7.37%	155398	245494	-0.69%
2012	12499	142475	63.7	91.93%	8.07%	154974	243287	-0.88%
2011	13739	139885	64.1	91.06%	8.94%	153624	239663	-0.68%
2010	14808	139077	64.7	90.38%	9.62%	153885	237844	0.35%
2009	14295	139894	65.4	90.73%	9.27%	154189	235763

Option a.

The change in unemployment rate was -0.68 percent

The % of adults out of labor force in 2012 was, 36.3% ((243287-154974)/243287)*100

Option B

From the column change in unemployment rate we can observe that there was no significant difference