Assume that • U.S. population is 328 million people
Assume that
• U.S. population is 328 million people
• 70 million individuals are legally classified as unable to work (are less than 16 years of age, institutionalized, or in the military)
• 96 million who could be working are classified as uninterested working
• 7 million are classified as unemployed
Given this information, what is the unemployment rate?
State your answer as a percentage (type in the percentage symbol), and round to one decimal place, i.e. x.x%
Homework Answers
Unemployment rate is 4.3%...
Total population of U.S = 328 million..
Total Labour force
= Total population of U.S - (legally unable to work + uninterested to work)
= 328 -(70+96) = 328 - 166 = 162 million
unemployed people= 7 million
Hence, Unemployment rate
= (Unemployed people /Labour force)*100
= (7/162)*100 = 4.3%...
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I need answer for this question Task 6 Total population of country X is 100 million,...
I
need answer for this question
Task 6 Total population of country X is 100 million, including: 24 million children under working age and disabled people, 30 million people have become discouraged after looking for work without success, and 4.6 million are unemployed. Calculate: a) total labour force b) unemployment level.
12) Assume the U.S. population is 300 million. If the working age population is 240 million, 150 million are employed, and 6 million are unemployed, what is the size of the labor force? A. 150 million B. 240 million C. 144 million D. 156 million E. 300 million 13) The unemployment rate generally A. decreases; decreases _during recessions and generally . during expansions. B. increases; increases C. increases; decreases D. increases; does not change E. decreases; increases 14) Frictional unemployment...
If the number of employed people is 190 million, the working-age population is 230 million, and the number unemployed is 10 million, then the unemployment rate is equal to what? SHOW YOUR WORK in the answer space below along with your answer. Hint: you can drop the million part when you do the math.
Suppose the current unemployment rate is 5%, the labor force is 400 million people, the labor force participation rate is 80% and the working-age population is 500 million people. How many million people are unemployed?
9. (3 points) Suppose there are 90 million people who are employed. The unemployment rate is 10%. 20 million people who are at least 16 years old are not in the labor force. The labor force has _ million people. The working age population is million. There are million unemployed people.
Task 6. Total population of country X is 100 million, including: 24 million children under working age and disabled people, 30 million people have become discouraged after looking for work without success, and 4.6 million are unemployed. Calculate: a) total labour force; 46 b) unemployment level. 10%
Q2. From the data below, answer the following questions. Show your work. Working-age population 250 million Not in Labor Force 85 million Discouraged workers 2 million Involuntary part-time workers 8 million Unemployed 15 million Employed 150 million a. Compute the labor force participation rate. (2pts) b. Compute the official unemployment rate (U-3). (2pts) c. Suppose that 2 million jobless people (i.e., unemployed) suddenly quit looking for a job. How does it affect the labor force participation rate and the official...
I
need answer for this question
Task 6 Total population of country X is 100 million, including: 24 million children under working age and disabled people, 30 million people have become discouraged after looking for work without success, and 4.6 million are unemployed. Calculate: a) total labour force b) unemployment level.
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