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.”Bureau of Labor Statistics.   What is the national unemployment rate? 2.7%   4.4%   7.4%   59.1%   Complete the following table by computing the unemployment rate for each age group.   Age                                                Unemployment Rate   16 to 19 years       20 to 24 years       25 to 54 years       55 to 64 years       65 years and over     Which of the following groups has an unemployment rate lower than the national average unemployment rate? Check all that apply. 16 to 19 years   20 to 24 years   25 to 54 years   55 to 64 years   65 years and over

What is labor force participation rate of following country  adult population = 200 million  labor force = 160 millions total employed = 140 millions

The number working full-time is 400 The number doing volunteer work is 350 The number working part-time is 120 The population is 3000 The adult population is 1850. The number in nursing and mental homes is 250 The number in the military is 150 The number in prison is 50. Calculate the nation's labor force.

Fill in the blanks using the number that corresponds to the correct word or phrase below Labor statistics Labor force participation rate underemployed Percentage or rate census Not in the Labor force Discouraged workers     An individual with a college degree in finance who is working as a sales clerk would be considered  . Those who have stopped looking for employment and, hence, are no longer counted in the unemployed are classified as  .  The percentage of adults in an economy who are either employed or who are unemployed and looking for a job is called  Unemployment is calculated as a    The Bureau of  tracks and reports all data related to unemployment. Children should be counted as  Those who  have quit looking fo a job, often due to being discouraged by their inability to find suitable employment are counted as  The U.S. unemployment rate, which is based on a monthly survey carried out by the U.S.  Bureau.

What information can you draw from the figures of net migration rate?

Use the following to answer questions 1-6: Working Age Population Labor Force # of Employed 1. What is the number of unemployed in year 1 in Table 6.1? (A) 60 million. (B) 5 million. 3. What is the unemployment (A) 57.1 percent. Population and labor force data Year 1 140 million 80 million 65 million 2. What is the number of unemployed in year 10 in Table 6.1? (A) 17 million. (B) 78 million. 4. What is the unemployment (A) 86.3 percent. (C) 15 million. (C) 13 million. (B) A positive relationship. (C) No relationship. (D) A negative relationship. rate in year 1 in Table 6.1? (B) 46.4 percent. (C) 18.75 percent. rate in year 10 in Table 6.1? (B) 13.7 percent. (C) 51.3 percent. 5. What is the labor-force participation rate in year 1 in Table 6.1? (A) 9.3 percent. (B) 81.3 percent. (C) 46.4 percent. 6. What is the labor-force participation rate in year 10 in Table 6.1? (A) 59.4 percent. (B) 8.1 percent. (C) 86.3 percent. Year 10 160 million 95 million 82 million (D) 75 million. (D) 65…

James has lost his job and has been unemployed so long that he no longer activly seeks employment. What category does James belong in?     discouraged worker     unemployed     employed     instututionalized

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       Labor Force Participation Rate Unemployment Rate October 2019 63.3% 3.5% July 2020 61.4% 11.1% October 2020 61.7% 6.9% Use your own personal knowledge and any additional outside resources to answer the question below. What do these changes tell us about the health of the economy?

Month CPI January 281.93 February 284.18 March 287.71 April 288.66 The minimum wage was $1.60 in 1968. The CPI in December of 1968 was 35.6 and we have the data above for CPI values in 2022.  What is the value of the 1968 minimum wage in April 2022 terms? Round your answer to two digits after the decimal without the dollar sign. Make sure you are using the correct base period.

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       Labor Force Participation Rate Unemployment Rate October 2019 63.3% 3.5% July 2020 61.4% 11.1% October 2020 61.7% 6.9% Use your own personal knowledge and any additional outside resources to answer the question below. What changes occurred in both the labor force participation rate and the unemployment rate over this time period?