In 2018, a. what percentage of the labor force was employed? % b. what percentage of the labor force was unemployed? % c. what percentage of the total population was employed? %
In 2018, a. what percentage of the labor force was employed? % b. what percentage of the labor force was unemployed? % c. what percentage of the total population was employed? %
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Using the following population and employment data for the United States (2000-2019), answer three questions.
Total Population Labor Force (in
(in thousands)
thousands)
282,434
142,583
285,545
143,734
288,600
144,863
291,049
146,510
293,708
149.401
296,639
149,320
299,801
151,428
302,045
153,124
304,906
154,287
307,007
154,142
309,438
153,889
Year
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
311,663
313,998
316,205
318,563
320,897
323,127
325,085
327,096
329,065
153,617
154,995
155,389
155,922
157,130
159,187
160,320
162,075
163,539
Unemployment
(in thousands)
5,692
6,801
8,378
8,774
8,149
7,591
7,001
7,078
8,924
14,265
14,825
13,747
12,506
11,460
9,617
8,296
7,751
6,982
6,314
6,001
Transcribed Image Text:Using the following population and employment data for the United States (2000-2019), answer three questions.
Total Population Labor Force (in
(in thousands)
thousands)
282,434
142,583
285,545
143,734
288,600
144,863
291,049
146,510
293,708
149.401
296,639
149,320
299,801
151,428
302,045
153,124
304,906
154,287
307,007
154,142
309,438
153,889
Year
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
311,663
313,998
316,205
318,563
320,897
323,127
325,085
327,096
329,065
153,617
154,995
155,389
155,922
157,130
159,187
160,320
162,075
163,539
Unemployment
(in thousands)
5,692
6,801
8,378
8,774
8,149
7,591
7,001
7,078
8,924
14,265
14,825
13,747
12,506
11,460
9,617
8,296
7,751
6,982
6,314
6,001
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