Given the information below, answer the following: Calculate the unemployment and labor force participation rates for both 2009 and 2010. How did the rates change? 2009 Real GDP Total Adult Population 200,000 Employment Unemployment Discouraged Workers 1,500 Price Index 2010 $2.200,000 $2,500,000 210,000 120,000 7,000 2,000 215 110,000 6,000 210

Given the information below, answer the following: Calculate the unemployment and labor force participation rates for both 2009 and 2010. How did the rates change? 2009 Real GDP Total Adult Population 200,000 Employment Unemployment Discouraged Workers 1,500 Price Index 2010 $2.200,000 $2,500,000 210,000 120,000 7,000 2,000 215 110,000 6,000 210

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Given the below information you are to find the labor force participation rate and the unemployment rate. You must show all work and take all steps to receive credit. Your work must be done in a neat well organized easy to follow manner. Population 700,000 Under 16 70,000 Incarcerated 70,000 Retired 37,000 Working Part Time Looking For Full Time 77,000 Homemakers 30,000 Lost Job 77,000 17,000 of them have given up looking
Suppose that you are given the following information: Total Population Adult, noninstitutionalized, nonmilitary population Unemployed adults 300 million 214 million 5 million a. If the labor force participation rate is 75.0%, calculate the size of the labor force: 160.5 million (Enter your response rounded to one decimal place.) b. Determine the number of Employed adults: million. (Enter your response rounded to one decimal place)
The table gives information reported by the Bureau of Labor Statistics for February, 2013. What is the labor force participation rate? The labor force participation rate is >>> Answer to 1 decimal place. percent. C Item Employment Unemployment Not in the labor force Millions 143 12 90
Working-age Population Labor Force Employed Unemployed October 2019 259.8 164.4 158.5 5.8 July 2020 260.4 159.9 143.5 17.8 October 2020 260.9 160.9 149.8 11.1 Labor Force Participation Rate Unemployment Rate October 2019 63.3% 3.5% July 2020 61.4% 11.1% October 2020 61.7% 6.9% Use your own personal knowledge and any additional outside resources to answer the question below. What do these changes tell us about the health of the economy?
Table 28-1. The table below lists the number of people by labor force classification for the country of Shelbyville. 4. Refer to Table 28-1. What is the size of the labor force, and the size of the adult population? 5. Refer to Table 28-1. What is the unemployment rate? 6. Refer to Table 28-1. What is the labor force participation rate?
因 There are 98 unemployed people, 1,188 employed people, and the adult population is 1,563. What is the labor force participation rate? Enter a number (measured in percentage terms) rounded to two decimal places. Do not enter a % sign. ASUS f9 f10 f8 O/京 f4 f5 f7 E3 f6 区
Table 29-3 Number of People (In Millions) Category Civilian labor force Persons unemployed 15 weeks or longer Job losers and persons who have completed temporary jobs (excludes job leavers) Total unemployed Total unemployed plus discouraged workers Total unemployed plus all marginally attached workers 120 2.0 3.5 7.0 7.8 8.7 Total unemployed plus all marginally attached workers plus total employed part-time 9.6 for economic reasons Refer to Table 29-3. What is the U-4 measure of labor underutilization? Note: Total Discouraged workers = Total unemployed plus discouraged workers - Total unemployed U-4 measure of labor underutilization = Total unemployed plus discouraged workers/(Total labor force + Total Dicouraged workers) 17.9% 6.9% 6.5% 7.0%
Civilian, over 16 years of age, non-institutionalized population= 210 million, Employed=140 million, unemployed = 20 million. 1. Calculate the LB LB=140+20=160 2. Calculate the Inemplyment Rate U-rate=U/LFX100 U-rate=20/160X100=12.5% 3. Calculate the Labor Force Participation Rate?
Full-time workers Part-time workers Not working, but seeking employment Discouraged workers Retired Incarcerated Adult population 45.000 B) The unemployment rate= 10,000 15.000 1.000 A) The labor force participation rate= 5.000 500 100,000
Number of employed people 14,000 Number of unemployed people 3,000 Number of the working-age population that is not in the Labor Force 4,000 Refer to the table above to calculate the: The size of the labor force the unemployment rate the total size of the working-age population The labor force participation rate
The table below provides employment and labour force data for a small economy over a 3-month period. Stock of Unemployment Stock of Stock of outside the Total Population Employment 2,530,000 2,470,000 2,410,000 Labour Force Sept. 1 Oct. 1 Nov. 1 120,000 120,000 120,000 350,000 410,000 470,000 3,000,000 3,000,000 3,000,000 a. What is the unemployment rate on September 1, October 1, and November 1? b. Explain why the unemployment rate changes even though the stock of unemployment remains stable. c. Provide a likely explanation for the change in this economy's labour force. In this case, is the unemployment rate an accurate measure of the amount of slack (excess supply) in the labour market? a. The unemployment rate on September 1 is %. (Round your response to two decimal places.)
Working-age Population Labor Force Employed Unemployed October 2019 259.8 164.4 158.5 5.8 July 2020 260.4 159.9 143.5 17.8 October 2020 260.9 160.9 149.8 11.1 Labor Force Participation Rate Unemployment Rate October 2019 63.3% 3.5% July 2020 61.4% 11.1% October 2020 61.7% 6.9% Use your own personal knowledge and any additional outside resources to answer the question below. What changes occurred in both the labor force participation rate and the unemployment rate over this time period?