Describe in detail the household survey of unemployment and, in the context of the survey, explain what is meant the terms below and give the number or rate of each based on the table below for the following dates-- December 2007; June 2009; and February 2020, Arpil 2020, May 2020, and January 2021: the unemployment rate the labor force participation rate if the answer for '2' in December 2007 were the same as in February 2020 and the number of employed in February 2020 remained the same at 158,759,000, how many people would be unemployed in February 2020 and what, therefore, would the unemployment rate be in
Describe in detail the household survey of
- the unemployment rate
- the labor force participation rate
- if the answer for '2' in December 2007 were the same as in February 2020 and the number of employed in February 2020 remained the same at 158,759,000, how many people would be unemployed in February 2020 and what, therefore, would the unemployment rate be in February 2020?
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December 2007 |
June 2009 |
February 2020 |
April 2020 |
May 2020 |
January 2021 |
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Civilian noninstitutional population >16 |
233,290,000 |
235,695,000 |
259,835,000 |
260,045,000 |
260,197,000 |
260,849,000 |
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Civilian labor force |
153,918,000 |
154,730,000 |
165,546,000 |
137,224,000 |
156,481,000 |
160,161,000 |
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Employed |
146,273,000 |
140,003,000 |
158,759,000 |
133,403,000 |
137,224,000 |
150,031,000 |
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Unemployed |
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Not in labor force |
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Unemployment Rate |
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Labor Force Participation Rate |
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Employment-Population Ratio |
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