In 2019, 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? Using the following population and employment data for the United States (2000-2019), answer three questions.Year20002001200220032004200520062007200820092010201120122013201420152016201720182019Total Population Labor Force (in(in thousands) thousands)282,434142,583285,545143,734288,600144,863291,049146,510293,708149,401296,639149,320299,801151,428302,045153,124304,906154,287307,007154,142309,438153,889311,663153,617313,998154,995316,205155,389318,563155,922320,897157,130323,127159,187325,085160,320162,075163,539327,096329,065Unemployment(in thousands)5,6926,8018,3788,7748,1497,5917,0017,0788,92414,26514,82513,74712,50611,4609,6178,2967,7516,9826,3146,001

Labor Force consists of both employed and unemployed people. Labor Force = Employed + Unemployed A…

Answered: In 2019, a. what percentage of the…

In 2019, 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?

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

In 2019,

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?

Using the following population and employment data for the United States (2000-2019), answer three questions.
Year
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
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
311,663
153,617
313,998
154,995
316,205
155,389
318,563
155,922
320,897
157,130
323,127
159,187
325,085
160,320
162,075
163,539
327,096
329,065
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

Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.

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