Question

In October, 2012, seasonally adjusted estimated civilian employment was 143,384,000, while unemployment was 12,258,000 and those out of the labor force numbered 88,341,000. The following month, in November, 2012, the estimated employment was 143,262,000, unemployment amounted to 12,029,000, and there were 88,883,000 individuals aged 16 and over who were out of the labor force.
Please calculate (to one decimal place):


a. (5) The labor force participation rate (LFPR) for each month.
LPFR = LAB FORCE/(LAB FORCE + OUT OF FORCE)
b. The employment-to-population ratio (EPR) for each month.
c. The national unemployment rate (UR) for each month.
d. I argued that the unemployment rate is normally taken as a good inverse indicator of the state of the economy. Is the change in the unemployment rate from October to November an indication of an improving economy? Explain why or whynot


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  • CreatedJuly 26, 2013
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