Data Exercise #2

The following table shows the annual average data on the employment status of the U.S. civilian noninstitutional population by age in 2017. Age Employed Unemployed Not in Labor Force (Thousands of People) (Thousands of People) (Thousands of People) 16 to 19 years 5,074 827 10,853 20 to 24 years 14,132 1,127 6,137 25 to 54 years 98,833 3,850 23,014 55 to 64 years 26,064 835 14,792 65 years and over 9,234 343 39,964 Total 153,337 6,982 94,759 Source: “Labor Force Statistics from the Current Population Survey.”Bureau of Labor Statistics.   What is the national unemployment rate? 2.7%   4.4%   7.4%   59.1%   Complete the following table by computing the unemployment rate for each age group.   Age                                                Unemployment Rate   16 to 19 years       20 to 24 years       25 to 54 years       55 to 64 years       65 years and over     Which of the following groups has an unemployment rate lower…

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?

Suppose the civilian noninstitutionalized working-age population is 35.9 million in in a hypothetical economy. Of these, 4.4million are working part-time and 13.19 million are working full-time. Assume the Bureau of Labor Statistics (BLS) definitions are used for calculating unemployment data. Among those not working, the most recent job-search activity for 3.40 million happened less than two weeks ago, while 1.72million 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 12.33 million who do not have jobs have not looked for work in the past six weeks. Round your answers to two decimal places. What is the size of the total labor force?   million How many people are unemployed?   million What is the labor force participation rate?   % What is the unemployment rate?

Suppose the civilian noninstitutionalized working-age population is 35.935.9 million in in a hypothetical economy. Of these, 4.64.6 million are working part-time and 15.7115.71 million are working full-time. Assume the Bureau of Labor Statistics (BLS) definitions are used for calculating unemployment data. Among those not working, the most recent job-search activity for 3.203.20 million happened less than two weeks ago, while 1.721.72 million most recently looked for work between two and four weeks ago. An additional 0.860.86 million most recently looked for work five weeks ago, and the remaining 9.819.81 million who do not have jobs have not looked for work in the past six weeks. Round your answers to two decimal places. What is the size of the total labor force?   millionmillion How many people are unemployed?   millionmillion What is the labor force participation rate?   %% What is the unemployment rate?   %

Please answer everything in the photos. Bottom question is asking if it understate or overstate.

The following data was extracted from a past labour force survey conducted by the ABS: Labour force: 12,092,000 Employment: 11,457,000 Working-age population: 18,462,000 Using the above data appropriately calculate the following: i. Unemployment rate. ii. Labour force participation rate. iii. Employment-to-population ratio.

Fill in the missing values in the table of data collected in a labour force survey in October 2015 for a particular region. (Round your responses for unemployment and labour force to the nearest whole number. Round your response for employment-population ratio to one decimal place.) Working Age Population Employment Unemployment Unemployment rate Labour force Labour force participation rate Employment-population ratio Value 19,359,300 8.5% 66.5% %

Do not use chatgpt.

Suppose a government report about a country's employment situation reveals the following data (all values are in millions of people). 250 = Working-age population 120 = Employed people 34 People not working but actively looking for work 31 = Unemployed people who have stopped looking for work 65 = People not working and not seeking work If the country in question is the United States, these data are obtained from household surveys From the data above, it can be determined that this country's labor force is million people.

The following table shows UK labour market data for the first quarter of 2018 (all aged 16 and over, seasonally adjusted). Fill in the blank parts of the table.          Male Female Total In employment (000s) 17 128 15 215   ILO unemployed (000s) 756     Total economically active (000s)   15 884   Percentage unemployed (%)     4.2

The table below shows employment data for the country of Gerbilville. Status # of people Adult population 1,000 Employed 600 Not working but seeking employment 150 Not working and not seeking employment 250 Which of the following calculations correctly determines the unemployment rate in Gerbilville? Choose 1 answer: 250 1,000 600 1,000 150 600 150 750 x 100 25% x 100 60% x 100 150 1,000 PAGKA 25% x 100 20% × 100 = 15% B

Refer to the employment data for Delmar County. Category Number Adult population 141,592 Unemployed 3,050 Not in labor force 34,508 Employed 95,754 The unemployment rate is a) 3.1% b) 4.7% c) 3.9% d) 5.4%

This assignment requires you to apply the formula for calculating unemployment and practice your understanding of its components Unemployment is an important economic indicator for the health of an economy. No one wants to be unemployed, especially for a longer period of time. Fill in the missing values in the table of data collected in the household survey for November 2021.  The working-age population, employment, unemployment, and labor force are measured in thousands.  Show your work. 2020 Household Survey   Working-age population     235,900     Employment      Unemployment     Unemployment rate   9.4%   Labor force   Labor force participation rate     65.5%

2. Discouraged workers Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. They are counted as part of the labor force by the Bureau of Labor Statistics. They are full-time workers who would like to work only part-time. They have given up on looking for a job. They are employed workers who want to earn higher wages. The following table contains U.S. employment information from June 2019. Civilian Population (Persons 16 years old and over) 259,037,000 Employed Unemployed (Persons) (Persons) 157,005,000 5,975,000 Discouraged (Persons) 425,000 The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measure of labor underutilization, which is calculated as follows:

Isabelle is working on her real estate analysis project. She is gathering data that would help her figure out trends in demand and supply in the residential housing sector in La Verne. She calculated the Location Quotient for various employment categories, as shown in the table below: Employment industry number of employees in La Verne Number of employees in the USA Transportation 10,000 15,000,000 Education 14,000 19,000,000 Financial 13,000 11,000,000 Health care 7,000 15,000,000 The Location Quotient that Isabelle has calculated for the transportation sector equals: Increase the number of decimal places to, say, 6 or more for any intermediate calculations. Round your answer to TWO decimal places, for example, 1.23

Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. They are full-time workers who would like to work only part-time. O They are counted as part of the labor force by the Bureau of Labor Statistics. They have given up on looking for a job. They are employed workers who want to earn higher wages. The following table contains U.S. employment information from August 2019. Civilian Population Employed Unemployed Discouraged (Persons 16 years old and over) (Persons) (Persons) (Persons) 259,432,000 157,878,000 6,044,000 467,000 The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measure of labor underutilization, which is calculated as follows: Unemployed+Discouraged Labor Force + Discouraged U-4 = 100 ×

4. Key employment indicators from the household survey The Bureau of Labor Statistics (BLS) adjusts the numbers from the household survey to estimate the employment picture for the entire population. Once the adjustment is made, the BLS uses the figures to generate key employment indicators. The following table presents information from the household surveys conducted for November 2017 and, for purposes of comparison, November 2016. The numbers in the table are listed in thousands. For example, the number of unemployed in the table for November 2017 indicates that about 6.6 million people were unemployed at that time. Use the information lists that follow the table to help you fill in the missing values in the table. November 2016 2017 Civilian noninstitutional population 254,540 255,949 Civilian labor force 159,457 161,327 Participation rate 62.6% % Employed 152,048 153,918 Employment-population ratio 59.7% % Unemployed 7,409 6,610 Official unemployment rate 4.6% % Unemployed 15 weeks…

According to the most recent survey conducted by Statistics Bureau of Metropolis, currently there are 14 million people between the age of 15 and 64 living in the city. If the labour force participation rate in Metropolis is 65 percent and 8.5 million people currently have jobs, what is the rate of unemployment?   Options:   A) 3.7%   B) 7.8%   C) 6.6%   D) 11.4%   E) 12.9%   Show all working out and full explanations.

Measuring employment, unemployment, and labour force participation Consider a small economy composed of six people: Edison, Hilary, Kevin, Maria, Simone, and Rajiv. Each person's employment status is described in the following table.   THE OPTIONS FOR STATUS FOR ALL ARE: employed, not in adult population, not in the labor force, unemployed

The unemployment rate statistic published by the Bureau of Labor Statistics may underestimate the magnitude of the unemployment problem in the economy because     a) all part-time workers are counted as "employed" even though some would prefer to work full-time (i.e. are underemployed).     b) some workers are working in jobs for which they are overqualified (also underemployed).     c) "discouraged workers," who are no longer looking for work, are not counted in the labor force.     d) all of the above.

Use the following data to calculate: 1) the labour force participation rate 2) the official unemployment rate

Suppose the population of a fictional economy falls into the following categories:  28 million are retired or homemakers; 30 million have full-time employment; 24 million have one part-time job; 28 million have two part-time jobs; 12 million do not have employment, but are actively looking for employment; and 20 million would like employment but do not have employment and are not actively looking for employment. 5 million are under the age of 10.  What is the labor force participation rate (as a percentage, not decimals) for this economy? Use the numbers from Question above

Suppose that a labor economist performs a statistical analysis on economywide worker wages using standard, measurable explanatory factors, such as job characteristics, years of schooling, and so forth. How much of the variation in worker wages can be accounted for by such measurable explanatory factors? Somewhat more than 60% Nearly 100% Somewhat less than 50% About 0% Which of the following factors are typically omitted from the quantitative analysis of wages but can help explain otherwise unaccounted-for disparities? Check all that apply. Chance Attractiveness Natural ability Effort Race O O O O

Measuring employment, unemployment, and labor force participation Consider a small economy composed of six people: Carlos, Deborah, Felix, Janet, Megan, and Larry. Each person's employment status is described in the following table. Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person’s status as employed, unemployed, “not in the labor force” (if not in the civilian labor force but still part of the adult population), or “not in the adult population” if not in the civilian adult population.

Use the following information to answer the next question.  The following items describe the responses of four individuals to a Bureau of Labor Statistics (BLS) survey of employment.  •   Jeanette just graduated from college and is now looking for work. She has had three job interviews in the past month but still has not gotten a job offer.•   Ricardo used to work in an automotive assembly plant. He was laid off six months ago as the economy weakened. He expects to return to work in a few months when national economic conditions improve. •   Mollie worked as an aircraft design engineer for a company that produces military aircraft until she lost her job last year when the federal government cut defense spending. She has been looking for similar work for a year but no company seems interested in her aircraft design skills.•   George lost his job last year when his company downsized and laid off middle-level managers. He tried to find another job for a year but was unsuccessful and quit…

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.Micheal Scott worked at a paper company for the first 3 days of the survey reference week (Monday-Wednesday). But then he got fired and spent Thursday and Friday of that week answering newspapers and internet want-ads. He still has not obtained a new job.