Ellen is downloading labor market data for the most recent month, but her connection is slow. So far this is all she has been able to collect: Unemployment rate 5.7% 62.5% 62 million Participation rate Not in the labor force Find the labor force, the working-age population, the number of employed workers, and the number o unemployed workers. Instructions: Enter your responses rounded to one decimal place. Labor force: million Working-age population: |million Number of employed workers: million Number of unemployed workers: million

Ellen is downloading labor market data for the most recent month, but her connection is slow. So far this is all she has been able to collect: Unemployment rate 5.7% 62.5% 62 million Participation rate Not in the labor force Find the labor force, the working-age population, the number of employed workers, and the number o unemployed workers. Instructions: Enter your responses rounded to one decimal place. Labor force: million Working-age population: |million Number of employed workers: million Number of unemployed workers: million

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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what are 5 factors of unemployment rate
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Below are data from the U.S. Bureau of Labor Statistics. Using this data, answer the following questions. U.S. Data Number of unemployed 13,853,000 12,646,000 Month and Number of Unemployment Labor force employed 140,656,000 rate year April 2009 April 2012 April 2015 April 2018 154,509,000 141,899,000 8.2% 157,017,000 148,491,000 5.4% 161,551,000 155,216,000 6,335,000 (a) In April 2009, what was the unemployment rate? (in one decimal place) (b) In April 2012, how many people were in the labor force? (c) In April 2015, how many people were unemployed in the United States? (id In April 2018, what was the unemployment rate? (in one decimal place)
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Q32
national statistics office in announces that in April 2020, of all adult citizens in the country, 139455,000 were employed, 15260,000 were unemployed and 82814000 were not in labor force. Use this information and calculate the followings: The adult population The labor force The labor force participation rate The unemployment
Ma In 2020, the all ages population of Canada was 38092817, out of which the population under 15 years was 6042917 and over 65 years was 6845502. There were 19361326 people who are employed and the unemployment rate was 8.85%. What was the labour force participation rate?
Use the table data below about this economy to answer the questions that follow regarding employment/unemployment. Show all calculations. Group Relevant population ?? Not in labor force 85 Labor Number in Millions Employed Unemployed 245 ?? 25 1. What is the relevant population in this economy? 1. How many people are employed in this economy? 1. Calculate the unemployment rate.
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Month CPI January 281.93 February 284.18 March 287.71 April 288.66 The minimum wage was $1.60 in 1968. The CPI in December of 1968 was 35.6 and we have the data above for CPI values in 2022. What is the value of the 1968 minimum wage in April 2022 terms? Round your answer to two digits after the decimal without the dollar sign. Make sure you are using the correct base period.