or March 2021, the Bureau of Labor Statistics reports that the total population (i.e., civilian population over 16 yrs.) is 261.0 million, the labor force is 160.5 million, the number of employed is 150.8 million. Calculate the unemployment rate and the labor force participation rate. (b) Is it possible for both the unemployment rate and the labor force participation to rise? Explain. Is it possible for the employment to population ratio to fall while the labor force participation rate rises? Explain.
or March 2021, the Bureau of Labor Statistics reports that the total population (i.e., civilian population over 16 yrs.) is 261.0 million, the labor force is 160.5 million, the number of employed is 150.8 million. Calculate the unemployment rate and the labor force participation rate. (b) Is it possible for both the unemployment rate and the labor force participation to rise? Explain. Is it possible for the employment to population ratio to fall while the labor force participation rate rises? Explain.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment
Section: Chapter Questions
Problem 6WNG
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For March 2021, the Bureau of Labor Statistics reports that the total population (i.e., civilian population over 16 yrs.) is 261.0 million, the labor force is 160.5 million, the number of employed is 150.8 million. Calculate the
(b) Is it possible for both the unemployment rate and the labor force participation to rise? Explain. Is it possible for the employment to population ratio to fall while the labor force participation rate rises? Explain.
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