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thly survey carried out by the U.S. Bureau of the Census, asks a series of questions to divide up the adult p tively looked for work in the previous 10 looked for work in the last four weeks is counted as 15 us employed. in an economy who are either employed or who are unemployed and looking for a job. The rate is calcul the labor force that is unemployed. The weeks before the survey. ent rate among racial and ethnic groups. Unemployment is measures the net change in jobs created for t but falls back to the range of 4% to 6% when the economy is strong. for less educated than mor

thly survey carried out by the U.S. Bureau of the Census, asks a series of questions to divide up the adult p tively looked for work in the previous 10 looked for work in the last four weeks is counted as 15 us employed. in an economy who are either employed or who are unemployed and looking for a job. The rate is calcul the labor force that is unemployed. The weeks before the survey. ent rate among racial and ethnic groups. Unemployment is measures the net change in jobs created for t but falls back to the range of 4% to 6% when the economy is strong. for less educated than mor

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
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 in the word bank below: 1. percentage 3. not in the labor force 5. Total adult 7. BLS 9. recession 11. higher 13. Establishment Payroll Survey 15. Total Population The labor force is comprised of 2. unemployed 4. Census bureau The U.S. unemployment rate, which is based on a monthly survey carried out by the U.S. Bureau of the Census, asks a series of questions to divide up the adult population into 3 categories; employed, unemployed, or 3 Labor force participation rate is the population, and multiplying by 100. 6. Current Population Survey 8. lower To be classified as unemployed, a person must have actively looked for work in the previous 10 The 10.4 12. African American A person who does not have a job but has not actively looked for work in the last four weeks is counted as 15 The 16.2 plus employed. measures the percentage of the labor force that is unemployed. The unemployment rate rises during periods of weeks before the survey. in an economy who are either employed or who are unemployed and looking for a job. The rate is calculated by taking the number of people in the labor force, divided by the have the highest unemployment rate among racial and ethnic groups. Unemployment is measures the net change in jobs created for the month. The CPS is conducted by the but falls back to the range of 4% to 6% when the economy is strong. for less educated than more educated; while the EPs is conducted by for middle-aged than the younger age group. The U.S.
Transcribed Image Text:Fill in the blanks using the number that corresponds to the correct word or phrase in the word bank below: 1. percentage 3. not in the labor force 5. Total adult 7. BLS 9. recession 11. higher 13. Establishment Payroll Survey 15. Total Population The labor force is comprised of 2. unemployed 4. Census bureau The U.S. unemployment rate, which is based on a monthly survey carried out by the U.S. Bureau of the Census, asks a series of questions to divide up the adult population into 3 categories; employed, unemployed, or 3 Labor force participation rate is the population, and multiplying by 100. 6. Current Population Survey 8. lower To be classified as unemployed, a person must have actively looked for work in the previous 10 The 10.4 12. African American A person who does not have a job but has not actively looked for work in the last four weeks is counted as 15 The 16.2 plus employed. measures the percentage of the labor force that is unemployed. The unemployment rate rises during periods of weeks before the survey. in an economy who are either employed or who are unemployed and looking for a job. The rate is calculated by taking the number of people in the labor force, divided by the have the highest unemployment rate among racial and ethnic groups. Unemployment is measures the net change in jobs created for the month. The CPS is conducted by the but falls back to the range of 4% to 6% when the economy is strong. for less educated than more educated; while the EPs is conducted by for middle-aged than the younger age group. The U.S.
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