The following table shows Metropolis' population and employment data. What is the approximate unemployment rate in Metropolis according to this data? Status Number of people 300,000 425,000 75,000 50,000 65,000 Children 0-15 years old Employed Unemployed Discouraged Adult workers Stay-at-home parents and other non-working civilians over 18 Retired individuals Select one: а. 12% b. 15% c. 26% d. 18% 60,000

The following table shows Metropolis' population and employment data. What is the approximate unemployment rate in Metropolis according to this data? Status Number of people 300,000 425,000 75,000 50,000 65,000 Children 0-15 years old Employed Unemployed Discouraged Adult workers Stay-at-home parents and other non-working civilians over 18 Retired individuals Select one: а. 12% b. 15% c. 26% d. 18% 60,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

the Australian bureau of Stastistics(ABS) reported in May 2017 that the civilian population in Australia over 15 years of age was 20.8 million.of this population 20.8 million australians ,13.5 million were employed and 0.7 were unemployed. calculate Australians labor force and the number of people in the civilian population who were not in the labor force?also, with examples examine the causes of structural umployment in Australia
Question 4 Assume there are only 6 counties in a country, and there are only three industries (beer, bread and shirts) that employ people. The employment numbers are given in the Table below: Employment Beer Employment Bread Employment Shirts 200 County 1 County 2 County 3 County 4 County 5 County 6 4 45 10 6 12 120 10 10 60 10 16 10 20 12 2 60 12 Calculate the ELQS for the following county and industry combinations: (a) Beer in County 2 (b) Bread and County 6 (c) Shirts and County 2
In terms of employment, the best way to describe the dependency ratio is what? A. Working population / unemployed population B. Number of dependents / working population C. Entire population / working population D. None of the above
Numbers of people took survey 58 number reporting at least one hour per week of paid employment 22 number working less than 30hours 7 Number of people working 30 or more hours 15 number not working but actively seeking for work 8 number of not working and not looking for work who are student 30 homemakers 1 other 5 1) what is the number of employed? 2) what is the number of unemployed? 3) what is the labor force? 4)what is the unemployment rate%? 5) why might an individual have characterized themself unemployment when in fact they is not actively seeking for a job? 6)why might an individual be counted as not in labor force when that person might actually want a job?
Given the data below: Total adult population over the age of 16 249.9 million Employed 148.3 million Unemployed 8.7 million Calculate the size of the labor force in millions
Question 2 Look at the table below reporting unemployment data about the population of SuperbCity in 2001, 2011, 2021. What is the size of the labour force in 2001, 2011, 2021? How many were officially unemployed in 2001, 2011, 2021?
Consider the following labour market data. Adult Population is 139, there are 13 people not in the labour force, and 30 people are unemployed. Calculate the labour force participation rate (in %) a. 90.65 b. 81.29 c. none of the other answers are correct d. it is impossible to calculate from the data given e. 9.35
fill in the blank year population employed unemployed labor force unemp. Rate LFPR 1.0 300 1000 0.50 2.0 1800.00 800 0.70 3.0 1600.00 700 0.45 0.80
UNEMPLOYMENT RATE, 2019 (percent) 40 36 32 28 24 20 16 12 4 27 Adult males 5.4 White Black 3.8 Hispanic b. were employed? Adult females 4.7 2.8 White Black 47 Hispanic 11.5 White Teenagers 20.7 Black 14.5 Hispanic 3.7 National average Instructions: Enter your responses as a whole number. In 2019, how many of the 14,000,000 adult Hispanic males who participated in the labor market a. were unemployed? c. would have been employed if they had the same unemployment rate as adult white males?
Suppose you are given the following data (in persons): Category Total Population No. of Persons 2,000,000 860,000 Working-Age Population Employed 300,000 Unemployed 120,000 Discouraged Workers 80,000 What is the employment-to-population ratio (round to nearest whole pefcentage)? a. 15 percent .b. 29 percent c. 35 percent d. 49 percent e. none of the above is correct
4. The following data is from the Bureau of Labor Statistics (BLS). (https://data.bls.gov/ timeseries/LNS14000000) Category Civilian noninstitutional population Civilian labor force Participation rate Employed Employment-population ratio Unemployed Not in labor force May 2022 263,679 164,376 62.3 158,426 60.1 5,950 99,302 a. Calculate the unemployment rate for May 2022. (show your work) Use the Bureau of Labor Statistics Website, to answer the next two questions (b and c). Looking at the last 10 years of data: b. What was the rate, month and year for the highest unemployment rate? c. What was the rate, month and year for the lowest unemployment rate?