Question

Calculation of Labor market indicators Use the following September 2015 data (in millions) for the United...

Calculation of Labor market indicators Use the following September 2015 data (in millions) for the United States to calculate (a) the labor force participation rate, (b) unemployment rate, and (c) the employment/population ratio.

September 2015 Data Civilian Non-Institutional Population (Age 16 and over) 251.3 million Employed 148.8 Not in labor force 94.6 Unemployed 7.9

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The table below contains some information about employment, labor force, and population levels in the United...
The table below contains some information about employment, labor force, and population levels in the United States at the turn of each decade. a. Using the data, fill in the table. b. Suppose the projection for the working-age population in the year 2020 for the United States is 265 million. If the unemployment rate and the labor force participation rate are the same in 2020 as they were in 2000, how much employment will there be? c. Using the same...
Intermediate Macroeconomics About unemployment: a) The US civilian unemployment rate (based on UNRATE) – the one...
Intermediate Macroeconomics About unemployment: a) The US civilian unemployment rate (based on UNRATE) – the one most often quoted is currently at ________%. b) Suppose that the # of Employed = 160 million, # of Unemployed = 10 million, and the Adult Civilian Population = 240 million. In this case the labor force participation rate equals ______(# in %) and the Employment to Adult Civilian Population ratio equals _______ (# in %).
Use the table below for questions 1-8 Total Count for 2013 (in millions) Population 175 Non-Working...
Use the table below for questions 1-8 Total Count for 2013 (in millions) Population 175 Non-Working Age Population 50 Working Age Population 125 Non-Labor Force Labor Force Employed 75 Unemployed 5 Frictional Unemployment 2 Structural Unemployment 4 1. What is the total count for individuals in the labor force? 2. What is the total count for individuals in the non-labor force? 3. What Is the employment rate? 4. What the labor force participation rate? 5. What is the unemployment rate?...
he Bureau of Labor Statistics (BLS) adjusts the numbers from the household survey to estimate the...
he 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 December 2017 and, for purposes of comparison, December 2016. The numbers in the table are listed in thousands. For example, the number of unemployed in the table for December 2017 indicates that...
The table below contains some information about employment, labor force, and population levels in the United...
The table below contains some information about employment, labor force, and population levels in the United States at the turn of each decade. Using the data, fill in the table. Year Total Employment (millions) Unemployment Rate (percent) Labor Force Participation Rate (percent) Working-Age Population (millions) 1980 7.2 63.6 168.9 1990 6.3 66.4 190.0 2000 3.9 67.0 213.7 2010 138.4 64.8 236.8 Source: U.S. Department of Labor.
How did you come up with the number of unemployed ? Given the following information for...
How did you come up with the number of unemployed ? Given the following information for the United States: Employment                                        155,000, 925 Unemployment                                    - Unemployment Rate                            3.9% Labor Force                                         - Labor Force Participation Rate            61% Employment – Population Ratio          -          
The age distribution of the population changes over time—in the United States, better health care (longer...
The age distribution of the population changes over time—in the United States, better health care (longer lives) and lower fertility (fewer kids) in recent years means that the proportion of people over age 16 is increasingly larger. At the same time, the labor force participation rate is likely to decline as baby boomers retire. Using the same method as in the previous problem, calculate total employment and the employment-to-population ratio based on the scenario in the table below. Year Unemployment...
The table below presents labor market data for three countries. All population values are in millions....
The table below presents labor market data for three countries. All population values are in millions. Country Working-age population Labor force Employed Unemployed Unemployment rate (%) Labor-force participation rate (%) Japan 106 61 5 France 31 7 51.67 Germany 77 48 12.5 Instructions: For the last two columns, enter your responses as percentages rounded to one decimal place. Instructions: Round your answers for the working-age population, labor force, employed, and unemployed to the nearest whole number. a. Fill in the...
Consider the following information for the US labor market in 2010. The population (civilian, aged 16...
Consider the following information for the US labor market in 2010. The population (civilian, aged 16 and over) was 237 million. The labor force was 153 million and it is split between 138 million employed and 15 million unemployed individuals. Suppose that the number of unemployed falls by 3 million because these workers become employed. Nothing else changes. Answer the following questions. Pick the closest answer. What is the new unemployment rate (in percent)? Is it higher or lower than...
Question 2a Suppose that the unemployment rate is 5%, the total working age population is 200...
Question 2a Suppose that the unemployment rate is 5%, the total working age population is 200 million, and the number of unemployed is 7.5 million. What is the labor force participation rate? (write your answer as XX.y. only one decimal) Question 2b Suppose that the unemployment rate is 5%, the total working age population is 200 million, and the number of unemployed is 7.5 million. What is the labor force? (Write out the answer with all the zeroes) I got...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT