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Why is unemployment an economic problem

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Reference no: EM13751404

The Unemployment Rate

Complete the following exercise

Visit the Bureau of Labor Statistics Web Site,

www.bls.gov/news.release/empsit.toc.htm . Select Employment Situation Summary.

Write a report (1-2 pages double - spaced) to answer the questions:

1. What month (and year) is summarized? What was the unemployment rate for that month? How does that rate compare with the rate in the previous month?

2. What were the unemployment rates for adult women, teenagers, blacks, Hispanics, and whites? How did these rates compare with those a month earlier?

3. What factors make it difficult to determine the unemployment rate?

4. Why is unemployment an economic problem?

1. What are the noneconomic effects of unemployment?

2. Who loses from unemployment?

Verified Expert

A report was to be written on the basis of three data assignments. Thefirst question asked for evaluation from data from Bureau of LaborStatistics and discuss unemployment types and statistics. The secondquestion asked for evaluation from data from Bureau of LaborStatistics and discuss unemployment and inflation figures. The thirdquestion used data from the Economic Report of the President and askedfor charts and demographic division of unemployment numbers. The taskwas written in Microsoft Word and the data was described usingMicrosoft Excel.

Reference no: EM13751404

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