EBK STATISTICS FOR BUSINESS AND ECONOMI
13th Edition
ISBN: 8220103633567
Author: Sincich
Publisher: PEARSON
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Chapter 1, Problem 1.37ACA
Current population survey. The employment status (employed or unemployed) of each individual in the U.S. workforce is a set of data that is of interest to economists, businesspeople, and sociologists. To obtain information about the employment status of the workforce, the U.S. Bureau of the Census conducts what is known as the Current Population Survey. Each month interviewers visit about 50,000 of the 117 million households in the United States and question the occupants over 14 years of age about their employment status. Their responses enable the Bureau of the Census to estimate the percentage of people in the labor force who are unemployed (the unemployment rate).
- a. Define the population of interest to the Census Bureau.
- b. What variable is being measured? Is it quantitative or qualitative?
- c. Is the problem of interest to the Census Bureau descriptive or inferential?
- d. In order to monitor the rate of unemployment, it is essential to have a definition of unemployed. Different economists and even different countries define it in various ways. Develop your own definition of an “unemployed person.” Your definition should answer such questions as: Are students on summer vacation unemployed? Are college professors who do not teach summer school unemployed? At what age are people considered to be eligible for the workforce? Are people who are out of work but not actively seeking a job unemployed?
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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 following table contains unemployment statistics from 2013 for three different countries: Canada, the United Kingdom (UK), and Italy. (Source: “International Labor Comparisons.”Bureau of Labor Statistics)
Fill in the table using the given data.
Country
Working-Age (Civilian
Not in
Civilian
Employed
Unemployed
Unemployment
Non-institutionalized)
the Labor Force
Labor Force
(Thousands)
(Thousands)
Rate
Population
(Thousands)
(Thousands)
(Percent)
(Thousands)
Canada
27,922
9,306
18,616
17,445
1,171
UK
50,473
18,487
29,439
2,547
Italy
26,365
22,620
2,744
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.
Chapter 1 Solutions
EBK STATISTICS FOR BUSINESS AND ECONOMI
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