Consider an economy with the following data: Population (civilian, 16 and older, non-institutionalized) = 260 million. Employed = 188 million Unemployed = 12 million What is the unemployment rate in this economy? 1) 6.8% 2) 6.4% 3) 6.0% 4)4.6%

Consider an economy with 50 people unemployed and 900 employed. Its finding rate is 70% and its separation rate is 10%. What is the current unemployment rate? 50. How many people loose/leave a job in period 1? 51. 52. How many people find a job in period 1? 53. 54. What is the natural rate of unemployment? 55. 56. 57. Is this economy currently in an expansion or recession? How do you know? 58. 59.

Bell-land's unemployment rate is 7.2%. The ruler of Bell-land ( a wonderful, wise middle-aged woman in a wheelchair) asks you whether this is a good rate and if it is an improvement? What is your answer? What are the issues that you need to think about before giving your answer? Explain your answer using the concepts learned in the module. Bell-land is not the same as the U.S.

Give typing answer with explanation and conclusion

Ellen is downloading labor market data for the most recent month, but her connection is slow.  So far this is all she has been able to collect: Unemployment rate     6%     Participation rate      62.5%    Not in the labor force   63.5 million Find the labor force, the working-age population, the number of employed workers, and the number of unemployed workers.Instructions: Enter your responses rounded to one decimal place.Labor force:       millionWorking-age population:      millionNumber of employed workers:        millionNumber of unemployed workers:        million

In a town of 800 people there are 120 children under the age of 16, 76 retired people, 92 people with part -time jobs, 37 full-time students, and 21 people who watched their children fulltime. There were 154 people without work who gave up looking for a job. Everyone else either had a full-time job or was actively searching for one, and the labor force participation rate is 57.6 %. If fthe unemployment rate is 12.5%, what is the number of full-time employed people?

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.

a ) Marie recently graduated from college with a degree in electrical engineering, but she has not yet started working. When will she be counted as “unemployed” according to the BLS? b) Eric was laid off, but he is expecting to be recalled. He has not looked for work since being laid off. Natalie is not employed, nor was she laid off. Who is counted as “unemployed” in the U.S. labor force statistics? c) What are the four different types of unemployment? Explain each.

Household Employment Data (Numbers in billions)   Working age Population Labor Force Employed Unemployed October 2019 259.8 164.4 158.5 5.8 July 2020 260.4 159.9 143.5 17.8 October 2020 260.9 160.9 149.8 11.1 Source:  https://www.bls.gov/news.release/empsit.t01.htm   Let’s calculate labor force participation and the unemployment rate for October 2019.     X 100       Labor Force Participation Rate =     People in the Labor Force       Total Working Age Population X 100     = 164.4      259.8   = 0.6327 X 100   = 63.3%     X 100   Unemployment Rate = Unemployed People X 100                                                                  Total Labor Force                                                             =   5.8                                                                   164.4                                                                        = 0.0353 X…

What is the unemployment rate in an economy where the entire adult population can be categorized as follows: • 32 million people employed • 2 million people unemployed • 1 million discouraged workers, and • 1 million people who are either students, homemakers, retirees, or other people not seeking employment. 6.3% 5.6% 5.9% 4.8%