The table below gives unemployment rates for big cities and the rest of the country. One-half of the population lives in the big cities, and one-half in other areasBig Cities (%) Other Areas (%)63Year19921993199419951996Year1992199381994199519961014Fill in the national unemployment index given below, using year 1994 as the base.Note: Keep as much precision as possible during your calculations. Your final answer should be accurate to at least two decimal placesNationalUnemploymentRate(%)70000481315UnemploymentIndex00000

Unemployment is the situation in which a person usually finds themselves when they actively seek…

The table below gives unemployment rates for big cities and the rest of the country. One-half of the population lives in the big cities, and one-half in other areas Big Cities (%) Other Areas (%) 6 7 Year 1992 1993 1994 1995 1996 Year 1992 1993 3 8 10 14 Fill in the national unemployment index given below, using year 1994 as the base. Note: Keep as much precision as possible during your calculations. Your final answer should be accurate to at least two decimal places 1994 1995 1996 National Unemployment Rate(%) 0 0 4 8 0 0 13 15 Unemployment Index 0 0 0 0

The table below gives unemployment rates for big cities and the rest of the country. One-half of the population lives in the big cities, and one-half in other areas Big Cities (%) Other Areas (%) 6 7 Year 1992 1993 1994 1995 1996 Year 1992 1993 3 8 10 14 Fill in the national unemployment index given below, using year 1994 as the base. Note: Keep as much precision as possible during your calculations. Your final answer should be accurate to at least two decimal places 1994 1995 1996 National Unemployment Rate(%) 0 0 4 8 0 0 13 15 Unemployment Index 0 0 0 0

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The population of Tavua is 24,171 people. There are 16,894 people who are currently working, and 1,434 people who qualify as unemployed. What is Tavua's unemployment rate? Put your answer in percentage form (e.g. 30.51 not 0.3051) and then round to two decimal places.
The following graph shows the combinations of unemployment and inflation that existed in the United States from 1961 through 1969. NFLATION RATE (Percent) 5.0 4.5 4.0 3.5 2.5 2.0 1.5 1.0 0.5 0 3.0 * 3.5 69 68 ++ 67 66 *65 5.5, 1.4 64 + 62 + 5.0 + 63 4.0 4.5 5.5 6.0 UNEMPLOYMENT RATE (Percent) 61 + 6.5 7.0
The table below uses data for the year 2003 provided by the Bureau of Labor Statistics and adjusted to be comparable to U.S. data. All values are in thousands. Fill in the blank entries in the table. Adult Labor Population Force, Country Japan 109,474 France 16,870 Germany 70,159 $9,591 Labor-Force Unemployment articipation Rate Rate Employed Unemployed 62,510 3,500 2,577 9.69 57.41
Use the following data to calculate the unemployment rate. and answer the questions below total adult population = 256,436 persons under 16 = 75,126 total U.S. population = 332,568 # people working= 162,128 retirees = 85,745 total labor force = 172,476 discouraged workers = 15,546 part-time employed = 23,854 1. What is the unemployment rate? 2. Calculate an alternative measure of unemployment by counting discouraged workers as unemployed and counting part time employed as 1/2 employed and 1/2 unemployed. 3. Discuss under what conditions in the labor market it might be more accurate to use one method versus the other.
Below are data from the U.S. Bureau of Labor Statistics. Using this data, answer the following questions. U.S. Data Number of unemployed 13,853,000 12,646,000 Month and Number of Unemployment Labor force employed 140,656,000 rate year April 2009 April 2012 April 2015 April 2018 154,509,000 141,899,000 8.2% 157,017,000 148,491,000 5.4% 161,551,000 155,216,000 6,335,000 (a) In April 2009, what was the unemployment rate? (in one decimal place) (b) In April 2012, how many people were in the labor force? (c) In April 2015, how many people were unemployed in the United States? (id In April 2018, what was the unemployment rate? (in one decimal place)
You have been asked to provide expertise on the macroeconomic conditions of several countries, and have been given the following information about the labor force, number of employed workers, and natural rate of unemployment in each country: Country Labor Force (millions) Employed (millions) Natural rate of unemployment Bumdumbourge 130 120 6.3% Mundelow 465 437 6.5% Totalslava 88 82 6.9% Potamia 285 264 7.3% Dortugal 311 295 5.5% Prance 396 355 9.2% a. From the data given, which country has the largest number of unemployed people? b. Totalslava has the smallest number of unemployed people; how does its unemployment rate compare to Bumdumbourge and Mundelow? c. Which countries are currently in recession? Which countries are experiencing a boom?
Suppose employment is 45 million and unemployment is 2 million. Also, each month an average of 0.6 million unemployed find jobs, 0.5 million employed become unemployed, 0.2 million unemployed quit looking for jobs, and 0.3 million new graduates start looking for jobs. What is the average duration of unemployment each month? (round to the nearest decimal) a. All of the answers here are incorrect b. 2.5 c. 2.3 d. 1.3 e. 2.6
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.
Assume you are told there are 3,000,000 in a country's labor force, 5,000,000 in the population, and the number of people employed is 2,820,000. What is the unemployment rate? 43% 5% 40% 6% 3%
Discuss how the unemployment rate has changed from 2000 to 2019 as shown in order on the table
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.
Number of employed people 14,000 Number of unemployed people 3,000 Number of the working-age population that is not in the Labor Force 4,000 Refer to the table above to calculate the: The size of the labor force the unemployment rate the total size of the working-age population The labor force participation rate