Use the table below to answer the following question. \table[[Category, \table[[Number of], [people], [(millions)]]],[Institutionalized, 14], [Full - time workers, 103], [Less than 16 years of age,40], [Armed forces (non- civilian), 20], [Part-time workers,27], [Population, 314], [Looking for work, 14]] What is the unemploymentrate for this economy based on the data provided? %Use the table below to answer the following question.CategoryInstitutionalizedFull-time workersLess than 16 years of ageArmed forces (non-civilian)Part-time workersPopulationLooking for workĆWhat is the unemployment rate for this economy based on the data provided?Number ofpeople(millions)1410340202731414

Unemployment, is the situation of one who is capable of working, and actively seeking work, but is…

Use the table below to answer the following question. Category Institutionalized S Full-time workers Less than 16 years of age Armed forces (non-civilian) Part-time workers Population Looking for work C What is the unemployment rate for this economy based on the data provided? Number of people (millions) 14 103 40 20 27 314 14

Use the table below to answer the following question. Category Institutionalized S Full-time workers Less than 16 years of age Armed forces (non-civilian) Part-time workers Population Looking for work C What is the unemployment rate for this economy based on the data provided? Number of people (millions) 14 103 40 20 27 314 14

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Of the following groups, who is eligible for unemployment insurance benefits? A The unemployed who quit their jobs B The unemployed who were laid off because their previous employers no longer needed their skills C) The unemployed who were fired for cause D The unemployed who just entered the labor force
A-C pls
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…
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What is the term for the percentage of the total labor force that is unemployed but actively seeking employment and willing to work? A. Labor force participation rate B. Employment rate C. Unemployment rate D. Underemployment rate.
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?