
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
The U-3 rate for February 2020 was 3.5%. The U-6 rate for February 2020 was 7.40%
Based on the answers to the previous questions on the month of February 2020, what is the numerical difference between the U-6 measure of labor underutilization, and the U-3
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- Given the numbers in the table, what is the unemployment rate, in percent? (Assume everyone is included in one of the categories.) Round to one decimal place and do not enter the % sign. If your answer is 6.14%, enter 6.1. If your answer is 6.15%, enter 6.2. If appropriate, remember to enter the sign. Category Working Full Time Working Part Time Not Working, Searching for a job Not Working&Not searching for a job; <65 years old Not Working & Not Searching: Full Time Student 15 years old Not Working & Not Searching: Full Time Student 15 years old Not Working, Retired (not searching) 11.1 Number 350 50 50 30 80 20 100arrow_forwardAssuming the total population is 100 million, the civilian labor force is 50 million, and 43 million workers are employed, the unemployment rate is Multiple Choice 14 percent. 7 percent. 57 percent. 3 percentarrow_forward
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