The following table displays employment data from FRED* for February, 2023. The values are in thousands of persons. "Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. Title Value Unemployment 5,936 Civilian labor force 166,251 2,840 Employment level part-time for economic reasons When employed individuals become unemployed, the civilian labor force does not change Use the data in the table above to calculate two different unemployment rates. (Enter your responses rounded to two decimal places.) i The civilian unemployment rate is percent. The civilian unemployment rate including persons who are underemployed (part-time for economic reasons) is percent.

The following table displays employment data from FRED* for February, 2023. The values are in thousands of persons. "Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. Title Value Unemployment 5,936 Civilian labor force 166,251 2,840 Employment level part-time for economic reasons When employed individuals become unemployed, the civilian labor force does not change Use the data in the table above to calculate two different unemployment rates. (Enter your responses rounded to two decimal places.) i The civilian unemployment rate is percent. The civilian unemployment rate including persons who are underemployed (part-time for economic reasons) is percent.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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