Q6: The April 2022 BLS reported the following data: Employment: 164,046,000 Unemployment rate: 3.6% Labor participation rate: 62.2% Please answer the following questions: Total unemployed persons:  ________ Total Labor Force:   _____________ (Hint: use the definition formulas for Labor Force, Employment and Unemployment, unemployment and participation rates

Suppose that New Zombie has adopted the framework used by the US Bureau of Labor Statistics to calculate its labor force statistics. Following information is extracted from a database maintained by the country's ministry of labor: See attached for table.    Question 1   Calculate the unemployment rate and the labor force of New Zombie. Show your calculation. (See next page for the formula and directions for this problem). To calculate the unemployment rate you have to use the formula: Unemployment rate = # of unemployed ÷ labor force × 100% The BLS is the Bureau of Labor Statistics, an agency within the Department of Labor. The unemployment rate is calculated by taking a random survey of 60,000 households nationwide. (Note: Households are in the survey for four months, out for eight, back in for four, and then out for good. Interviewers use the phone or home visits using laptops.) The population is divided into three groups: Group 1 consists of those under age 16 or institutionalized.…

Show how the unemployment rate in each month is calculated from the numbers of people.

What are the possible effects of a high unemployment rate on a country's economy? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.