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Q6: The April 2022 BLS reported the following data:
Employment: 164,046,000
Labor participation rate: 62.2%
Please answer the following questions:
- Total unemployed persons: ________
- Total Labor Force: _____________
(Hint: use the definition formulas for Labor Force, Employment and Unemployment, unemployment and participation rates
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- QUESTION 25 Calculate the following, referring to the employment data for the hypothetical economy of Kipper in. the table below. All figures are in millions. Fill in the "blanks" a, b, and c. Please show your calculations (ie. you can upload a JPEG or PDF image file of your hand written calculations on a piece of scratch paper via the "upload from local computer" button). 10 Number of Unemployed Total Population Number of Employed Number of Discouraged Workers a. b. C. The labor force number in Kipper. 125 90 S The labor force participation rate in Kipper. The unemployment rate in Kipper,a) Following data from the labour department of Country X is provided In Millions Total Civilian Population 340 Employed Workers 123 People not looking for work 48 People incapable of work 23 Using the table above, calculate the unemployment rate. b) Based on the information given in the table below, calculate the value of Net Domestic Product (NDP) of Country X. ITEM $(millions) Household Consumption 2,780 Depreciation of capital goods 365 Factor income received from abroad 580 Government investment 824 Exports 663 Imports 790 Factor income paid to abroad 525 Gross private domestic investment 894 Government Consumption 347 Transfer Payments 1,109 c) What is the difference between 'flow' and 'stock'? d) Explain three shortcomings of using GDP to measure the size of the economy.structural, nd cyclical unemployment. The type of unemployment most likely to result in hardship for the people who are unemployed is A. trictional because people need to find a new job in the labor market. B. cyclical and trictional because these two types are closely related. O C. cyclical because people have to wait for a recession to end. O D. structural because this type of unemployment requires retraining to acquire new job skills. 15) Calculate the missing values in the table below by using the provided data collected in the household survey f September 2016. (Enter your responses as whole numbers). Category Value inrkangage ponulariont >> Documents
- Ellen is downloading labor market data for the most recent month, but her connection is slow. So far this is all she has been able to collect: Unemployment rate 6% Participation rate 62.5% Not in the labor force 63.5 million Find the labor force, the working-age population, the number of employed workers, and the number of unemployed workers.Instructions: Enter your responses rounded to one decimal place.Labor force: millionWorking-age population: millionNumber of employed workers: millionNumber of unemployed workers: millionProblem 05-11 (algo) Skyler is downloading labor market data for the most recent month, but her connection is slow. So far this is all she has been able to collect: Unemployment rate Participation rate Not in the labor force Find the working-age population, the labor force, the number of employed workers, and the number of unemployed workers. Instructions: Enter your responses rounded to one decimal place. Working-age population: Labor force: million 6% 62.5% 63.5 million Number of employed workers: Number of unemployed workers: million million millionEllen is downloading labor market data for the most recent month, but her connection is slow. So far this is all she has been able to get: Unemployment rate 5.0% Participation rate 62.5% Not in the labor force 60 million Find the labor force, the working-age population, the number of employed workers, and the number of unemployed workers.Instructions: Enter your responses as whole numbers.Labor force: millionWorking-age population: millionNumber of employed workers: millionNumber of unemployed workers: million
- 1. Measuring employment, unemployment, and labor force participation Consider a tiny hypothetical economy composed entirely of the following people: Antonio, Caroline, Dmitri, Frances, Latasha, and Jake. Each person's employment status is given in the following table. Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person's status as employed, unemployed, "not in the labor force" (if not in the civilian labor force but still part of the adult population), or "not in the adult population" if not in the civilian adult population. Person Antonio is a 46-year-old steelworker who was laid off from his job 6 months ago. He is frustrated with his inability to find a new full-time position. Last week, he took a part-time job but was given only 3 hours of work. Caroline is a 29-year-old professional hockey player . She finished her last season as a player 3 weeks ago and is currently interviewing for a coaching position. Dmitri is a 78-year-old retired…1. Measuring employment, unemployment, and labor force participation Consider a tiny hypothetical economy composed entirely of the following people: Alex, Becky, Clancy, Dileen, Kate, and Hubert. Each person's employment status is given in the following tabl Based on the criteria used by the Bureau of Labor Statistics (ALS), Identify each person's status as employed, unemployed, "not in the labor for not in the civilian labor force but still part of the adult population), or "not in the adult population" if not in the civilian adult population. Person Alex is a 23-year-old professional tennis player. When he's not competing, he works as a coach at a local tennisclub Becky is a 42-year-old steelworker who was just laid off by her employer She is trying to find any kind of job to help make ends meet. Clancy is a 40-year-old accountant who has been out of work for almost a year. He became so discouraged that he gave up on his job search a couple of months ago Kats is a 29-year-old who…Unemployment and the Labor Force The table shows employment statistics for a fictional country. Use the information to answer the questions. Round your percentages to two decimal places. Category Number of people (in millions) Employed 5505 Unemployed 492 Not in the labor force 561 Part I - A) What is the total labor force? B) What is the labor force participation rate? (%) C) What is the unemployment rate? (%) Part II- Suppose 256 of the 492 unemployed people have been unemployed for so long that they Stop looking for work. A) What is the new labor force? B) What is the new labor force participation rate? (%) C) What is the new unemployment rate? (%)
- Answer part a to d of question 1 along with calcualtions: a) In a small town of 100 people, there are 8 children under 16, 8 retired people, 60 people with full-time jobs, 4 people with part-time jobs, 5 full-time students over 16, and 6 full-time homemakers. The remaining people did not have jobs, but wanted jobs. What is the unemployment rate in this town? b) In a small town of 100 people, there are 10 children under 16, 10 retired people, 60 people with full-time jobs, 3 people with part-time jobs, 3 full-time students over 16, and 4 full-time homemakers. The remaining people did not have jobs, but wanted them. What is the participation rate in this town? c) The CPI in 1931 equaled 0.15. The CPI in 1932 equaled 0.14. The rate of inflation between 1931 and 1932 was __ percent. d) If the Central Bank of Macroland puts an additional 1,000 dollars of currency into the economy, the public deposits all currency into the banking system, and banks have a desired reserve/deposit ratio of…1. To what extent is the unemployment rate reflective of the country’s unemployment situation and the state of the economy more generally?4.6M Filipinos jobless in July as unemployment worsens in Metro Manila - PSA Metro Manila (CNN Philippines, September 3)-Some 4.6 million Filipinos were out of work in July, slipping from an all-time high as lockdown rules were gradually eased, the Philippine Statistics Authority said Thursday. The PSA reported a 10 percent unemployment rate among Filipinos aged 15 and up, easing from 17.7 percet in April although still higher than the 5.4 percent level a year ago. National Statistician Dennis Mapa said in a media briefing that the relaxation of community quarantine rules allowved more Filipinos to return to work. However, unemployment was worse in Metro Manila at 15.8 percent or about 929,000 adults, surpassing the national average and rising from the 12.3 percent share of jobless residents for the region in April. Calabazon tallied about 886,000 unemployed, while Central Luzon had 552,000 jobless Filipinos, he added. These economic centers also count among the biggest number…