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 than the national average unemployment rate? Check all that apply. 16 to 19 years 20 to 24 years 25 to 54 years 55 to 64 years 65 years and over
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 than the national average unemployment rate? Check all that apply. 16 to 19 years 20 to 24 years 25 to 54 years 55 to 64 years 65 years and over
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter18: Income Distribution And Poverty
Section: Chapter Questions
Problem 4QFR
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Question
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
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 than the national average unemployment rate? Check all that apply.
16 to 19 years
20 to 24 years
25 to 54 years
55 to 64 years
65 years and over
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