ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- 3. Calculate items A, B, and C in the table below. Employment Status August 2020 Civilian noninstitutional populationt 260,558 160,838 Civilian labor force Participation rate Employed Employment-population ratio Unemployed Unemployment rate A 147,288 56.5% Not in labor force 99,720 All numbers in Thousands. Source: Bureau of Labor Statistics. †The number of persons who in principle could work.arrow_forwardSuppose that you are given the following information: Total Population Adult, noninstitutionalized, nonmilitary population Unemployed adults 300 million 214 million 5 million a. If the labor force participation rate is 75.0%, calculate the size of the labor force: 160.5 million (Enter your response rounded to one decimal place.) b. Determine the number of Employed adults: million. (Enter your response rounded to one decimal place)arrow_forwardA6arrow_forward
- Use the table data below about this economy to answer the questions that follow regarding employment/unemployment. Show all calculations. Group Relevant population ?? Not in labor force 85 Labor Number in Millions Employed Unemployed 245 ?? 25 1. What is the relevant population in this economy? 1. How many people are employed in this economy? 1. Calculate the unemployment rate.arrow_forwardTable 29-3 Number of People (In Millions) Category Civilian labor force Persons unemployed 15 weeks or longer Job losers and persons who have completed temporary jobs (excludes job leavers) Total unemployed Total unemployed plus discouraged workers Total unemployed plus all marginally attached workers 120 2.0 3.5 7.0 7.8 8.7 Total unemployed plus all marginally attached workers plus total employed part-time 9.6 for economic reasons Refer to Table 29-3. What is the U-4 measure of labor underutilization? Note: Total Discouraged workers = Total unemployed plus discouraged workers - Total unemployed U-4 measure of labor underutilization = Total unemployed plus discouraged workers/(Total labor force + Total Dicouraged workers) 17.9% 6.9% 6.5% 7.0%arrow_forwardComplete the following table: Column1 Column2 Employment 160,528,000.00 Unemployment Unemployment Rate U3 4.1% Labor Force Labor Force participation rate 64.1% Civilian Population Employment/Population ratioarrow_forward
- Numbers of people took survey 58 number reporting at least one hour per week of paid employment 22 number working less than 30hours 7 Number of people working 30 or more hours 15 number not working but actively seeking for work 8 number of not working and not looking for work who are student 30 homemakers 1 other 5 1) what is the number of employed? 2) what is the number of unemployed? 3) what is the labor force? 4)what is the unemployment rate%? 5) why might an individual have characterized themself unemployment when in fact they is not actively seeking for a job? 6)why might an individual be counted as not in labor force when that person might actually want a job?arrow_forwardesc 15 The table below shows information on the adult population of a small country. Employment Information Adult population 42.6 million Full-time workers 28.9 million 02:19:32 Part-time workers 2.5 million Unemployed workers actively 2.8 million Mc Graw Hill seeking employment Unemployed workers not actively 1.1 million seeking employment What is the unemployment rate? Multiple Choice 8.2 percent 6.6 percent 8.0 percent 5.7 percent 73 82,243 zoom < Prev 15 of 40 A MacBook Proarrow_forward30. Calculate the participation ratearrow_forward
- The country of Bada has collected the following information: Population (working age). 240,000 Employed 180,000 Unemployed 30,000 Calculate: Labor Force = Unemployment rate = Labor-force participation rate = Classify each of the following individuals in one of the following categories: employed, unemployed, or not in the labor force. - Last week, Elizabeth worked 10 hours as a computer programmer for the National Video Company and attended night classes at the local college. She would prefer a full-time job.arrow_forwardGiven the data below: Total adult population over the age of 16 249.9 million Employed 148.3 million Unemployed 8.7 million Calculate the size of the labor force in millionsarrow_forwardEconomics please help.....arrow_forward
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