The table gives information reported by the Bureau of Labor Statistics for February, 2013. What is the labor force participation rate? The labor force participation rate is >>> Answer to 1 decimal place. percent. C Item Employment Unemployment Not in the labor force Millions 143 12 90

The table gives information reported by the Bureau of Labor Statistics for February, 2013. What is the labor force participation rate? The labor force participation rate is >>> Answer to 1 decimal place. percent. C Item Employment Unemployment Not in the labor force Millions 143 12 90

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A6
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Use the following table to answer the next four questions: Group # in Millions Work-eligible population Labor force ??? 181 Not in labor force 95 Employed Unemployed ??? 22 According to the table, the labor force participation rate in this economy is equal to 12.2%. 65.6%. 87.8%. 90.1%. 36.9%. O OOO
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What is the labor force participation rate in Spain?
Household Employment Data (Numbers in billions) 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 Source: https://www.bls.gov/news.release/empsit.t01.htm Let’s calculate labor force participation and the unemployment rate for October 2019. X 100 Labor Force Participation Rate = People in the Labor Force Total Working Age Population X 100 = 164.4 259.8 = 0.6327 X 100 = 63.3% X 100 Unemployment Rate = Unemployed People X 100 Total Labor Force = 5.8 164.4 = 0.0353 X…
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?
The following scenarios have been taken from actual answers to the Current Population Survey conducted by the Bureau of Labor Statistics. In each case classify the individual as either employed, unemployed, or not in the labor force. 1. Walter White was laid off several months ago. He gave up looking for work and has not looked for two months.