Analytics Case Description - Quang Nguyen (1)

Unemployment and the Labor Force Suppose the civilian non-institutionalized working-age population is 35.9 million. Of these, 4.6 million are working part-time and 15.71 million are working full-time. Bureau of Labor Statistics (BLS) definitions are used for. calculating unemployment data. Among those not working, the most recent job-search activity for 3.20 million happened less than two weeks ago, while 1.72 million most recently looked for work between two and four weeks ago. An additional 0.86 million most recently looked for work five weeks ago, and the remaining 9.81 million who do not have jobs have not looked for work in the past six weeks. Round your answers to two decimal places. A) What is the size of the total labor force? B) How many people are unemployed? C) What is the labor force participation rate? D) What is the unemployment rate?

The following is a report from a BLS survey taker: There were 90 people in the houses I visited. 20 of them were children under the age of 16, 25 people had full-time jobs, and 10 had part-time jobs. There were 10 retirees, 5 full-time homemakers, 9 full-time students over age 16, and 3 people who were disabled and cannot work. The remaining people did not have jobs, but all said they would like one. 5 of these people had not looked actively for work for three months, however. Find the labor force, the unemployment rate, and the participation rate implied by the survey taker's report. Labor force: 48 people Instructions: Enter your responses rounded to two decimal places. Unemployment rate: % Participation rate: %

The following is a report from a BLS survey taker:   There were 90 people in the houses I visited. 20 of them were children under the age of 16, 25 people had full-time jobs, and 10 had part-time jobs. There were 10 retirees, 5 full-time homemakers, 9 full-time students over age 16, and 3 people who were disabled and cannot work. The remaining people did not have jobs, but all said they would like one. 5 of these people had not looked actively for work for three months, however.   Find the labor force, the unemployment rate, and the participation rate implied by the survey taker’s report.Labor force:    people   Instructions: Enter your responses rounded to two decimal places.  Unemployment rate:    %Participation rate:    %

Complete the right half of the following equation to reflect the labor force participation rate reported by the BLS. Labor Force Participation Rate According to this formula, what is the labor force participation rate of this economy of six people? 40% 50% 80% O 100% Complete the right half of the following equation to reflect the unemployment rate reported by the BLS. Unemployment Rate According to this formula, what is the unemployment rate of this economy of six people? O 40% 50% O 80% O 100%

According to the most recent survey conducted by Statistics Bureau of Metropolis, currently there are 14 million people between the age of 15 and 64 living in the city. If the labour force participation rate in Metropolis is 65 percent and 8.5 million people currently have jobs, what is the rate of unemployment?   Options:   A) 3.7%   B) 7.8%   C) 6.6%   D) 11.4%   E) 12.9%   Show all working out and full explanations.

The unemployment rate statistic published by the Bureau of Labor Statistics may underestimate the magnitude of the unemployment problem in the economy because     a) all part-time workers are counted as "employed" even though some would prefer to work full-time (i.e. are underemployed).     b) some workers are working in jobs for which they are overqualified (also underemployed).     c) "discouraged workers," who are no longer looking for work, are not counted in the labor force.     d) all of the above.

Isabelle is working on her real estate analysis project. She is gathering data that would help her figure out trends in demand and supply in the residential housing sector in La Verne. She calculated the Location Quotient for various employment categories, as shown in the table below: Employment industry number of employees in La Verne Number of employees in the USA Transportation 10,000 15,000,000 Education 14,000 19,000,000 Financial 13,000 11,000,000 Health care 7,000 15,000,000 The Location Quotient that Isabelle has calculated for the transportation sector equals: Increase the number of decimal places to, say, 6 or more for any intermediate calculations. Round your answer to TWO decimal places, for example, 1.23

if there is unemployment in the labor market, what would you recommend as a set of policies or programs to address such problems. Illustrate your recommendations  geometrically (i.e., graphically).

Suppose a researcher is using a panel data set on n = 10,000 workers over T = 20 years (from 2000 through 2019) that contains the workers’ earnings, sex, education, and age. The researcher is interested in the effect of education on earnings. Give some examples of unobserved person-specific variables that are correlated with both education and earnings. Can you think of examples of time-specific variables that might be correlated with education and earnings? How would you control for these person-specific and time-specific effects in a panel data regression?

Suppose a government report about a country's employment situation reveals the following data (all values are in millions of people). 180 = Working-age population st 100 = Employed people 33 = People not working but actively looking for work 23 = Unemployed people who have stopped looking for work 24 = People not working and not seeking work If the country in question is the United States, these data are obtained from unemployment office registrations From the data above, it can be determined that this country's labor force isOmillion people. It can be determined that this country's unemployment rate is%. (Round your response to one decimal place.) The data indicate that the country's participation rate is%. (Round your response to one decimal place.)

Suppose 25-year-old Jennifer quit her job in the food service industry six weeks ago and has not worked since then. Suppose further that she submitted job applications at a bank and at a mortgage lending company two weeks ago, is currently waiting to hear back from both businesses, and is available to begin work immediately. According to the BLS household survey, Jennifer would be classified as Select one: OA. unemployed. OB. employed. OC. not in the civilian noninstitutional population. OD not in the labor force.

Suppose the civilian noninstitutionalized working-age population is 35.9 million in in a hypothetical economy. Of these, 4.4million are working part-time and 13.19 million are working full-time. Assume the Bureau of Labor Statistics (BLS) definitions are used for calculating unemployment data. Among those not working, the most recent job-search activity for 3.40 million happened less than two weeks ago, while 1.72million most recently looked for work between two and four weeks ago. An additional 0.86 million most recently looked for work five weeks ago, and the remaining 12.33 million who do not have jobs have not looked for work in the past six weeks. Round your answers to two decimal places. What is the size of the total labor force?   million How many people are unemployed?   million What is the labor force participation rate?   % What is the unemployment rate?

A discussion relating to the attributes that make the Gini coefficient a desirable means of measurement;

FILL IN THE BLANKS The government utilizes fiscal policies to stimulate aggregate demand and reduce this type of unemployment. When the government subsidizes programs to train workers in new skills because of changes in technology, it is trying to reduce the amount of                   unemployment. If the government reduces the number of weeks an unemployed worker can collect unemployment insurance payments, then it is likely that                unemployment numbers would decrease. There is a relationship between a nation’s unemployment rate and its production which is represented by Okun’s Law. The law predicts that that for every 1% increase in unemployment there will be a                  decrease in gross domestic product (GDP).

A country's total civilian non institutional adult population is 1 million, and 500,000 people in this country are working, with another 20,000 looking for work. Which of the following statements about the labor force statistics in this country is accurate? a) The employment rate is 50% and the unemployment rate is 2% b) The unemployment rate is 2% and the labor force participation rate is 52% c) The employment rate is 96.15% and the labor force participation rate is 52% D) the labor force is 500,000 and the labor force participation rate is 50%   How is this answer calculated?

The country of Altimina has a population of 150,000. According to the latest data, there are 20,000 people under the age of 16, and 30,000 people who are over the age of 16, but not looking for work. Currently, there are 5,000 people who are 16 or older and actively looking for work. The president of Altimina has asked you what the unemploy­ment rate for Altimina is. The unemployment rate is ?%

Himig has two part-time jobs, as an assistant worker in a fast food chain (Job 1) and and as a receptionist at a small hotel (Job 2). Due to her heavy load in her studies, Himig can only render 12 hours a week in her jobs. She has determined that for every hour she works at Job 1, she needs 2 hours of preparation time, and for every hour she works at Job II, she needs one hour of preparation time, and she cannot spend more than 16 hours for preparation. If Himig makes Php 40 an hour at Job 1, and Php30 an hour at Job 2, how many hours should she work per week at each job to maximize her income? (Let x = Job 1; y = Job 2).

TheAustralianBureauofStatistics(ABS)reportedinMay2017thatthecivilian population in Australia over 15 years of age was 20.8 million.Of this population of 20.8 million Australians, 13.5 million were employed and 0.7 million were unemployed.Calculate Australia’s labor force and the number of people in the civilian population who were not in the labor force? Also, with examples examine the causes of structural unemployment in Australia

Roberto is a senior citizen who consumes food and health care. When he retired in​ 2002, he consumed 90 meals and 3 medical checkups per month. Suppose in 2002 that the price of a meal was ​$10 and the price of a medical checkup was ​$64. ​However, in​ 2012, the price of a meal is ​$11 and the price of a medical checkup is ​$278. As a​ result, Roberto consumes 100 meals and 2 medical checkups per month. Calculate a Laspeyres​ cost-of-living index for Roberto using 100 as the base in 2002. In​ particular, the Laspeyres index for 2012 is nothing. ​(Enter your response rounded to two decimal places.​)

In an effort to analyze the effect of COVID 19 on health careexpenditure a research team in Healthystate considered 2019 to be the base year in calculating the Laspeyres Index. The following are data from 2018, 2019 and 2020   Quantity 2018 Prices 2018 Quantity 2019 Prices 2019 Quantity 2020 Prices 2020 Oxygen Supply 150 100 170 110 2500 180 Pharmaceutical Products 500 270 750 250 1500 210 Intensive Care 50 2170 50 2200 500 2300 Elective surgeries 150 1870 130 2100 5 3500 Considering the base year as year "0" a- calculate the Laspeyres index between 2018 and 2019 b- Calculate the Laspeyres index between 2019 and 2020 c- John claimed that since 2020 is an important year (since most of it was COVID 19 issues) we need to consider it as the base year. Calculate the Laspeyres index between 2019 and 2020.  d- Why would there be a difference between the index in part c and the one in part b?

The following scenarios have been taken from actual answers to the Current Population Survey conducted by the Bureau of Labor Statistics. In each case classify the individual as either employed, unemployed, or not in the labor force. 1.Micheal Scott worked at a paper company for the first 3 days of the survey reference week (Monday-Wednesday). But then he got fired and spent Thursday and Friday of that week answering newspapers and internet want-ads. He still has not obtained a new job.

The adult population is divided into three groups: employed, unemployed, not in the labor force. The latest TUIK labor force statistics for October 2023 show that the largest group is Not in the labor force Retired Unemployed Employed

To calculate the Consumer Price Index, the BLS surveys Multiple Choice   all households in the United States.   all households in one major city each month.   over 10,000 households.   between 100 and 500 households.

Read the case study given below and answer ALL the questions given at the end of the case. Workers remain in dire straits despite salary increase last year — MTUC KUALA LUMPUR : Despite the salary increase in 2019, workers remain in dire straits and the worst is yet to come, said Malaysian Trade Union Congress (MTUC) secretary-general J Solomon.He said the 4.4% hike in salary and wages in 2019 as reported by the Statistics Department yesterday merely represented an average increase of RM137 in monthly salary and wage. According to the Statistics Department, the average monthly salary and wage received by employees in the country increased by 4.4% from RM3,087 in 2018 to RM3,224 in 2019. “MTUC considers the increase well below what is needed by the average Malaysian workers and their families, especially those in urban areas, to survive the continuous spiralling cost of living,” Solomon said in a statement, today.He said the 2017 Bank Negara Malaysia report clearly stated that the…