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How does the bureau of labor statistics

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Reference no: EM133359351

Questions

1. What are the definitions of:

a. the unemployment rate,

b. the labor force participation rate,

c. employed, and

d. unemployed?

2. How does the Bureau of Labor Statistics, Department of Labor, collect the data used to estimate these variables?

3. Do you agree with the method used? If not, what would you change and why?

Reference no: EM133359351

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