User Account

All Pages

Bureau of labor statistics reported the data

Assignment Help Business Economics
Reference no: EM131756949

(1) The Bureau of labor statistics reported the following data for December 2000

Labor force: 141,544,000

Employment: 135,888,000

Working-age population: 210,743,000

Calculate for the month the following:

a. Unemployment rate

b. Labor force participation rate

c. Employment-to-population ratio

During 2000, the working-age population increased by 1,911,000, employment increased by 1,375,000 and the labor force by 1,311,000. Using the data provided calculate:

a. The change in unemployment during 2000.

b.The change in the number of people not in the labor force during 2000.

(2) Suppose 500 people were surveyed, and of those 500, some 450 were working full time. Of the 50 not working, 10 were full time college students, 20 were retired, 5 were under sixteen years of age, 5 had stopped looking for work because they believed there were no jobs for them, and 10 were actively looking for work.

a. How many of the 500 surveyed are in the labor force?

b. What is the unemployment rate among the 500 surveyed people?

Reference no: EM131756949

Questions Cloud

Frictional rate of unemployment : Further suppose that the frictional rate of unemployment is 2% and the structural rate is 1%. please use this info to answer the next six questions
Explain how you will address jims recent performance issues : Discuss whether ability or motivation is more important in selecting the right person for the right job. Explain your rationale.
Median selling prices of existing single-family homes : House prices The mean and median selling prices of existing single-family homes sold in July 2012 were $263,200 and $224,200.
Represent full employment by walter heller : What level of the unemployment rate was believed to represent full employment by Walter Heller while serving as chair of the Council of Economic Advisors?
Bureau of labor statistics reported the data : (1) The Bureau of labor statistics reported the following data for December 2000
What is the team total annual payroll : Baseball salaries Suppose that a Major League Baseball team's mean yearly salary for its players is $1.2 million and that the team has 25 players.
How often do you try to resist biases : How often do you try to resist biases toward your own point of view? This assignment asks you to engage in this aspect of critical thinking by playing
What is the mean salary paid at the firm : Mean salary? Last year a small accounting firm paid each of its five clerks $22,000, two junior accountants $50,000 each, and the firm's owner $270,000.
Explain how to formulate a research question : Review the Writing a Good Research Question web page, which explains how to formulate a research question and provides examples of research questions.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd