(All numbers in thousands) In December 2016, the civilian non-institutional population was 254,742. The number of...
- (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?
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(All numbers in thousands) In December 2016, the civilian
non-institutional population was 254,742. The number of...
4. The following table provides information on the civilian non-institutional population (CNIP), the labor force (LF),...
4. The following table provides information on the civilian non-institutional population (CNIP), the labor force (LF), and the number of unemployed persons for select years between 2006 and 2016. All values are in thousands of people at the end of each year. Year CNIP LF LFP # unemployed UR 2006 230 152.7 66% 7.1 4.6% 2009 236.9 153.1 65% 15.1 9.9% 2018 258.9 163.2 63% 6.3 3.9% b. The US experienced a severe economic downturn in 2008-09 that resulted in...
4 Suppose that the civilian non-institutional working age population is 244,863, the civilian labor force 155,654,...
4 Suppose that the civilian non-institutional working age population is 244,863, the civilian labor force 155,654, and the employment to population ratio 58.6%. a)What is the unemployment rate? b What is the labor force participation rate? c) If the civilian non-institutional population grows by 1% over the next year and the labor force participation rate remains constant, how many jobs must be created over the next year to leave the unemployment rate unchanged? d) If there is no change in...
Use the table below to answer the questions that follow: Civilian non-institutional population of men 101260...
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...
Question 3 35 pts Utilize the following information: (thousands) May 2012 June 2012 Labor Force 100,000...
Question 3 35 pts Utilize the following information: (thousands) May 2012 June 2012 Labor Force 100,000 Number Unemployed: 5,000 Labor Force: 103,000 Number Unemployed: 7,000 Number Employed: 96,000 Civilian non-institutional population: 150,100 Number Employed: 95,000 Civilian non-institutional population. 150,000 Questions: 1) How did the unemployment rate change between May and June of 2019? 2) Why might the change in the unemployment rate between May and June of 2019 be a misleading gauge of the health of the labor market? 3)...
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...
A country has a total civilian population of 400 million, of which 300 million are over...
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]
You are given the following information, in millions of persons.
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?
Calculating Unemployment Given the following information about a country’s population, answer the questions which foll...
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...
in 2007 the us labor force was equal to thousands QUESTION 1 Refer to the data...
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...
Employment Unemployment Rate homeboyment Labor Force Labor Force Adult (in Population thousands) (in thousands) | Number...
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),...
4 Suppose that the civilian non-institutional working age population is 244,863, the civilian labor force 155,654, and the employment to population ratio 58.6%. a)What is the unemployment rate? b What is the labor force participation rate? c) If the civilian non-institutional population grows by 1% over the next year and the labor force participation rate remains constant, how many jobs must be created over the next year to leave the unemployment rate unchanged? d) If there is no change in...
Question 3 35 pts Utilize the following information: (thousands) May 2012 June 2012 Labor Force 100,000 Number Unemployed: 5,000 Labor Force: 103,000 Number Unemployed: 7,000 Number Employed: 96,000 Civilian non-institutional population: 150,100 Number Employed: 95,000 Civilian non-institutional population. 150,000 Questions: 1) How did the unemployment rate change between May and June of 2019? 2) Why might the change in the unemployment rate between May and June of 2019 be a misleading gauge of the health of the labor market? 3)...
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...
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]
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...
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),...
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