Unemployment and the Labor Force Suppose the civilian non-institutionalized working-age population is 35.9 million. Of these, 4.6 million are working part-time and 15.71 million are working full-time. Bureau of Labor Statistics (BLS) definitions are used for. calculating unemployment data. Among those not working, the most recent job-search activity for 3.20 million happened less than two weeks ago, while 1.72 million most recently looked for work between two and four weeks ago. An additional 0.86 million most recently looked for work five weeks ago, and the remaining 9.81 million who do not have jobs have not looked for work in the past six weeks. Round your answers to two decimal places. A) What is the size of the total labor force? B) How many people are unemployed? C) What is the labor force participation rate? D) What is the unemployment rate?

Unemployment and the Labor Force Suppose the civilian non-institutionalized working-age population is 35.9 million. Of these, 4.6 million are working part-time and 15.71 million are working full-time. Bureau of Labor Statistics (BLS) definitions are used for. calculating unemployment data. Among those not working, the most recent job-search activity for 3.20 million happened less than two weeks ago, while 1.72 million most recently looked for work between two and four weeks ago. An additional 0.86 million most recently looked for work five weeks ago, and the remaining 9.81 million who do not have jobs have not looked for work in the past six weeks. Round your answers to two decimal places. A) What is the size of the total labor force? B) How many people are unemployed? C) What is the labor force participation rate? D) What is the unemployment rate?

ENGR.ECONOMIC ANALYSIS

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Chapter1: Making Economics Decisions

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Question

Unemployment and the Labor Force
Suppose the civilian non-institutionalized working-age population is 35.9 million. Of
these, 4.6 million are working part-time and 15.71 million are working full-time.
Bureau of Labor Statistics (BLS) definitions are used for. calculating unemployment
data.
Among those not working, the most recent job-search activity for 3.20 million
happened less than two weeks ago, while 1.72 million most recently looked for work
between two and four weeks ago. An additional 0.86 million most recently looked
for work five weeks ago, and the remaining 9.81 million who do not have jobs have
not looked for work in the past six weeks. Round your answers to two decimal
places.
A) What is the size of the total labor force?
B) How many people are unemployed?
C) What is the labor force participation rate?
D) What is the unemployment rate?

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