Table 29-3Number ofPeople (InMillions)CategoryCivilian labor forcePersons unemployed 15 weeks or longerJob losers and persons who have completed temporary jobs (excludes job leavers)Total unemployedTotal unemployed plus discouraged workersTotal unemployed plus all marginally attached workers1202.03.57.07.88.7Total unemployed plus all marginally attached workers plus total employed part-time 9.6for economic reasonsRefer to Table 29-3. What is the U-4 measure of labor underutilization?Note: Total Discouraged workers = Total unemployed plus discouraged workers - Total unemployedU-4 measure of labor underutilization = Total unemployed plus discouraged workers/(Total labor force + Total Dicouraged workers)17.9%6.9%6.5%7.0%

The objective of the question is to calculate the U-4 measure of labor underutilization using the…

Answered: Table 29-3 Number of People (In…

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Fill in the blanks using the number that corresponds to the correct word or phrase below Labor statistics Labor force participation rate underemployed Percentage or rate census Not in the Labor force Discouraged workers An individual with a college degree in finance who is working as a sales clerk would be considered . Those who have stopped looking for employment and, hence, are no longer counted in the unemployed are classified as . The percentage of adults in an economy who are either employed or who are unemployed and looking for a job is called Unemployment is calculated as a The Bureau of tracks and reports all data related to unemployment. Children should be counted as Those who have quit looking fo a job, often due to being discouraged by their inability to find suitable employment are counted as The U.S. unemployment rate, which is based on a monthly survey carried out by the U.S. Bureau.
Population Employed Structurally Unemployed Frictionally Unemployed Cyclically Unemployed 1,500,000 750,000 25,000 25,000 50,000 1,000,000 Non-institutionalized Adults 22. Using the table above calculate the unemployment rate а. 5.6% b. 6.5% C. 7.1% d. 9.8% e. 11.8% 23. Using the table above calculate the labor force participation rate a. 60% b. 70% C. 80% d. 90% е. 100% 24. The amount of output that is not captured in the production function is considered a. unreconcilable b. total factor productivity
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?
Who are involuntary unemployed? A) Individuals who are willing to work at the market wage but they are unemployed. B) People who have retired early. C) People who have chosen to care for their families or homes rather than seek paid employment. D) Full-time students who do not have paid employment.
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

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QUESTION 4 Table 28-3 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 Total unemployed plus all marginally attached workers plus total employed part-time for economic reasons 100 million 1.6 million 3.1 million |6.2 million 7.0 million 8.1 million 9.2 million Refer to Table 28-3. What is the U-4 measure of labor underutilization? a. 6.9% b. 7.0% с. 17.9% d. 6.5%
Complete the following table: Column1 Column2 Employment 160,528,000.00 Unemployment Unemployment Rate U3 4.1% Labor Force Labor Force participation rate 64.1% Civilian Population Employment/Population ratio
Suppose you are given the following information: Labor force Adults in the military Nonadult population Employed adults Institutionalized adults Nonmilitary, noninstitutionalized adults not in labor force a. What is the total population? 298.8 million. (Enter your response rounded to one decimal place.) b. Calculate the total number of unemployed people. million. (Enter your response rounded to one decimal place.) Calculate the unemployment rate. % (Enter your response as a percentage rounded to two decimal places.) 206.29 2.67 46.22 194.46 2.82 40.78
Hi, could you please help me solve problems e and f? Thank you!
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?
3. Calculate items A, B, and C in the table below. Employment Status August 2021 Civilian noninstitutional population 261,611 Civilian labor force 161,537 Participation rate Employed Employment-population ratio Unemployed Unemployment rate Not in labor force All numbers in Thousands. Source: Bureau of Labor Statistics. The number of persons who in principle could work. 153,154 58.5% B 100,074

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