2 Using the following population and employment data for the United States (2000-2019), answer three questions.Total Population(in thousands)Labor Force (inthousands)Unemployment(in thousands)Year2000282,434142,5835,6922001285,545143,7346,8012002288,600144,8638,3782003291,049146,5108,7742004293,708149,4018,1492005296,639149,3207,5912006299,801151,4287,0012007302,045153,1247,0782008304,906154,2878.9242009307,007154,14214,2652010309,438153,88914,8252011311,663153,61713,7472012313,998154,99512,5062013316,205155,38911.4602014318,563155,9229,6172015320,897157,1308.2962016323,127159,1877,7512017325,085160,3206,9822018327,096162,0756,3142019329,065163,5396,001 2017325,035160,3206,9822018327,096162,0756,3142019329,065163,5396,001Instructions: Round your responses to one decimal place. If you are entering a number that is decreasing be sure to enter a ragativesign (-) in front of that number.Between 2006 and 2015, by how much dida. the labor force change?millionb. unemployment change?millionc. employment change?million

The labor force consists of all the people who are able-bodied and can work in a particular or works…

Answered: Between 2006 and 2015, by how much did…

Between 2006 and 2015, by how much did a. the labor force change? million D. unemployment change? million c employment change? million

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Using the following population and employment data for the United States (2000-2019), answer three questions. Total Population Labor Force (in (in thousands) Unemployment (in thousands) thousands) 282,434 142,583 5,692 285,545 143,734 6,801 288,600 144,863 8,378 291,049 146,510 8,774 293,708 149,401 296,639 149,320 299,801 151,428 302,045 153,124 304,906 154,287 307,007 154,142 309,438 153,889 311,663 153,617 154,995 155,389 155,922 157,130 159,187 160,320 162,075 163,539 udy Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 313,998 316,205 318,563 320,897 323,127 325,085 327,096 329,065 Instructions: Round your responses to one decimal place. If you are entering a number that is decreasing be sure to enter a negative sign (-) in front of that number. Between 2005 and 2010, by how much did a the labor force change? million b. unemployment change? million c. employment change? million ▬▬ E 8,149 7,591 7,001 7,078 8,924 14,265 14,825…
Using the following population and employment data for the United States (2000-2019), answer three questions. Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Total Population Labor Force (in (in thousands) thousands) 282,434 142,583 285,545 288,600 291,049 293,708 296,639 299,801 302,045 304,906 307,007 309,438 311,663 313,998 316,205 318,563 320,897 323,127 325,085 327,096 329,065 % 143,734 144,863 146,510 149,401 149,320 151,428 153,124 154,287 154,142 153,889 153,617 154,995 155,389 155,922 157,130 159,187 160,320 162,075 163,539 % Unemployment (in thousands) 5,692 6,801 8,378 8,774 8,149 7,591 7,001 7,078 8,924 14,265 14,825 13,747 12,506 11,460 9,617 Instructions: Enter your responses as a percentage rounded to one decimal place. In 2019, a. what percentage of the labor force was employed? 8,296 7,751 6,982 6,314 6,001 b. what percentage of the labor force was unemployed? c. what percentage of the total population was…
Using the following population and employment data for the United States (2000-2019), answer three questions. Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Total Population Labor Force (in thousands) (in thousands) 282,434 142,583 285,545 143,734 288,600 144,863 291,049 146,510 293,708 296,639 299,801 302,045 304,906 307,007 309,438 311,663 313,998 316,205 318,563 320,897 323,127 325,085 327,096 329,065 b. unemployment change? million c. employment change? 149,401 149,320 151,428 153,124 154,287 154,142 153,889 153,617 154,995 155,389 million 155,922 157,130 159,187 160,320 162,075 163,539 Instructions: Round your responses to one decimal place. If you are entering a number that is decreasing be sure to enter a negative sign (-) in front of that number. Between 2007 and 2012, by how much did a. the labor force change? million Unemployment (in thousands) 5,692 6,801 8,378 8,774 8,149 7,591 7,001 7,078 8,924 14,265 14,825 13,747…
The following table shows the annual average data on the employment status of the U.S. civilian noninstitutional population by age in 2017. Age Employed Unemployed Not in Labor Force (Thousands of People) (Thousands of People) (Thousands of People) 16 to 19 years 5,074 827 10,853 20 to 24 years 14,132 1,127 6,137 25 to 54 years 98,833 3,850 23,014 55 to 64 years 26,064 835 14,792 65 years and over 9,234 343 39,964 Total 153,337 6,982 94,759 Source: “Labor Force Statistics from the Current Population Survey.
The following table shows the annual average data on the employment status of the U.S. civilian noninstitutional population by age in 2017. Age Employed Unemployed Not in Labor Force (Thousands of People) (Thousands of People) (Thousands of People) 16 to 19 years 5,074 827 10,853 20 to 24 years 14,132 1,127 6,137 25 to 54 years 98,833 3,850 23,014 55 to 64 years 26,064 835 14,792 65 years and over 9,234 343 39,964 Total 153,337 6,982 94,759 Source: “Labor Force Statistics from the Current Population Survey.”Bureau of Labor Statistics. What is the national unemployment rate? 2.7% 4.4% 7.4% 59.1% Complete the following table by computing the unemployment rate for each age group. Age Unemployment Rate 16 to 19 years 20 to 24 years 25 to 54 years 55 to 64 years 65 years and over Which of the following groups has an unemployment rate lower…
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 Employed 5805 Unemployed 482 Not in the labor force 591 What is the total labor force? What is the labor force participation rate? %% What is the unemployment rate? %% Suppose 266266 of the 482482 unemployed people have been unemployed for so long that they stop looking for work. What is the new labor force? What is the new labor force participation rate? %% What is the new unemployment rate? %
The following table shows UK labour market data for the first quarter of 2018 (all aged 16 and over, seasonally adjusted). Fill in the blank parts of the table. Male Female Total In employment (000s) 17 128 15 215 ILO unemployed (000s) 756 Total economically active (000s) 15 884 Percentage unemployed (%) 4.2
Using the following data calculate:(iv) The Labour Force Participation rate.(v) The “official” unemployment rate currently working 23,000 volunteer workers 9845(ages 13-14) looking for work 12,000 (ages 15)looking for work 45,600 Part-time workers 56 family workers who worked 15 hrs a week 234 self-employed 6543 discouraged workers 67,432(ages 23-25)looking for work 67,890 laid off receptionists looking for work 544,321(ages 16-20) looking for work) current population is 6,000,000 5654 Temp workers 5000 armed forces 543 recent university graduates that are going back to graduate school 3500 institutionalized c) Suppose that 20,000 of the employed switch to jobs in the underground economy. When interviewed by STATIN, 50% of these switchers report that they are not working and not seeking work, while the other 50% report that they are not working but seeking work. Explain what happens to the official unemployment rate and the “true” unemployment rate. (d) explain the…
Using the following data calculate: 987,156 Currently Working 23,000 volunteer workers 9845 (ages 13-14) looking for work 12,000 (ages 15) looking for work 45,600 Part -Time Workers 56 family workers who worked 15 hrs a week 234 Self Employed 6543 Discouraged Workers 67, 432 (ages 23-25) looking for work 67, 890 laid off receptionists looking for work 544, 321 (ages 16-20) looking for work Current population is 6,000,000 5454 Temp Workers 5000 armed forces 543 recent university graduates that are going back to graduate school 3500 institutionalized (c) suppose that 20,000of tghe employed switches to jobs in the underground economy. When interviewed by STATIN, 50% of these switchers report that they are not workingnand not seeking work, while the other 50% report that they are not working but seeking work. Explain what happens to the official unemployment rate and the "true" unnemployment rate. (d) Illustrate and carefully explain the impact of an increase in the…
Using the following data calculate: 987,156 Currently Working 23,000 volunteer workers 9845 (ages 13-14) looking for work 12,000 (ages 15) looking for work 45,600 Part -Time Workers 56 family workers who worked 15 hrs a week 234 Self Employed 6543 Discouraged Workers 67, 432 (ages 23-25) looking for work 67, 890 laid off receptionists looking for work 544, 321 (ages 16-20) looking for work Current population is 6,000,000 5454 Temp Workers 5000 armed forces 543 recent university graduates that are going back to graduate school 3500 institutionalized (i). The number of persons employed. (ii). The number of persons unemployed. (iii). The labour force. Type answer please
Using the following data calculate: 987,156 Currently Working 23,000 volunteer workers 9845 (ages 13-14) looking for work 12,000 (ages 15) looking for work 45,600 Part -Time Workers 56 family workers who worked 15 hrs a week 234 Self Employed 6543 Discouraged Workers 67, 432 (ages 23-25) looking for work 67, 890 laid off receptionists looking for work 544, 321 (ages 16-20) looking for work Current population is 6,000,000 5454 Temp Workers 5000 armed forces 543 recent university graduates that are going back to graduate school 3500 institutionalized (iv) The labour force Participation rate (v). The "official" unemployment rate Type answer please
Below are data from the U.S. Bureau of Labor Statistics. Using this data, answer the following questions. U.S. Data Number of unemployed 13,853,000 12,646,000 Month and Number of Unemployment Labor force employed 140,656,000 rate year April 2009 April 2012 April 2015 April 2018 154,509,000 141,899,000 8.2% 157,017,000 148,491,000 5.4% 161,551,000 155,216,000 6,335,000 (a) In April 2009, what was the unemployment rate? (in one decimal place) (b) In April 2012, how many people were in the labor force? (c) In April 2015, how many people were unemployed in the United States? (id In April 2018, what was the unemployment rate? (in one decimal place)