The U-3 rate for April 2020 was 14.7%The U-6 rate for April 2020 was 22.9% Based on the answers to the previous questions on the month of April 2020, what is the numerical difference between the U-6 measure of labor underutilization, and the U-3 unemployment rate?
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The U-3 rate for April 2020 was 14.7%The U-6 rate for April 2020 was 22.9% Based on the answers to the previous questions on the month of April 2020, what is the numerical difference between the U-6 measure of labor underutilization, and the U-3
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- Suppose the U.S. noninstitutional adult population is 230 million and the labor force participation is 67 percent: What would be the size of the US labor force? If 85 million people are not working, what is the unemployment rate?The U-3 rate for February 2020 was 3.5%. The U-6 rate for February 2020 was 7.40% Based on the answers to the previous questions on the month of February 2020, what is the numerical difference between the U-6 measure of labor underutilization, and the U-3 unemployment rate?Under what condition would an increase in the unemployment rate be a positive sign?
- During the initial months of the COVID pandemic, the number of unemployed people in the State of Illinois peaked at 1,108,211 in April 2020. By December 2021, the number of unemployed in Illinois had dropped down to 324,510 people. What is the overall percent decrease in the number of unemployed people in Illinois from April 2020 to December 2021? Please round your answer the nearest percent. Show your work.Find the relative change in the unemployment rate during 2008.Who reports the official U.S. unemployment rate? How frequently is the survey that determines unemployment released?
- Which measure of unemployment attempts to include discouraged and underemployed workers? How much higher is this measure than the U-3 measure?If the total population of a country is 200 million, the number of unemployed is 15 million, the number of employed people is 45 million and the number of voluntary unemployed is 90 million, what is the employment rate in this country?Explain three measures that may be introduced to reduce unemployment
- If the labor force is 190 million and the unemployment rate is 6.5 percent, the number of people considered employed is million. (Round your response to two decimal places.) If the labor force participation rate is 75 percent, the number of potential workers is million. (Round your response to two decimal places.)Historically, what are the highest and lowest unemployment rates in our HistoryA friend and fellow student shares her employment experience over the last 12-week summer break. It took her one full week to find a job. She started on the first day of week two and was able to keep her job for the remaining eleven weeks. Use this information to answer the following three questions, assuming the unemployment rate is not changing: 1. Calculate the rate of job finding (f) for the summer, using an average rate per week. Enter this value in the box below. Note that if fis the rate of job finding, then the average spell of unemployment is (1/f). The value of fis: 1 2. Calculate the rate of job separation (s), using an average rate per week. Enter this value into the box below. Note that if s is the rate of job separation, then the average length of employment is (1/s). The value of s is: 11
