UnemploymentRateYearLabor Force2000142,583,0004.02001143,734,0004.72002144,863,0005.8200314,6510,0006.02004149,401,0005.52005149,320,0005.12006151,428,0004.62007153,124,0004.62008154,287,0005.82009154,142,0009.32010153,889,0009.62011153,617,0008.52012154,995,0007.92013155,389,0006.72014155,922,0006.22015157,130,0005.32016159,187,0004.92017160,320,0004.42018162,075.0003.92019163,539.0003.7Instructions: In part a, round your response to one decimal place. In part b, enter your response as a whole numbera. What was the unemployment rate in 2019?3.7b. How many more jobs were needed to bring the unemployment rate down to 3 percent?

Labor force in 2019 = 163,539,000 Unemployment rate = 3.7 %

Answered: Year Lab 2000 142 2001 143

Business

Economics

Year Lab 2000 142 2001 143

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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