a. The number of employed people equals the size of the labor force minus the num-...

 

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a. The number of employed people equals the size of the labor force minus the num- ber of unemployed people, as shown in the accompanying table. Employed (thousands) Change (thousands) Region April 2013 April 2014 Northeast 26,232.8 26,507.6 274.8 South 52,697.9 53,652.6 954.7 Midwest 31,846.3 32,358.0 511.7 West 33,181.4 33,771.6 590.2 b. The accompanying table shows the change in the size of the labor force during the period April 2013 to April 2014. Region Northeast South Midwest West Growth in the labor force (thousands) -118.3 228.6 147.0 185.1 c. The unemployment rate is calculated as (Number of unemployed workers/ labor force) x 100, as shown in the accompanying table. Unemployment rate Region Northeast April 2013 April 2014 7.7% 6.3% South 7.2 5.9 Midwest 7.2 6.1 West 8.1 7.0 d. In the Northeast the fall in the unemployment rate was caused by a rise in the number of people with jobs and a decline in the labor force. In the South, midwest, and west, the fall in the unemployment rate was caused by both a net rise in the number of jobs and a fall in the number of people seeking jobs. In the South there was both a net rise in the number of jobs and the number of people seeking jobs. But the number of jobs increased more than the labor force, and the unemployment rate fell. a. The number of employed people equals the size of the labor force minus the num- ber of unemployed people, as shown in the accompanying table. Employed (thousands) Change (thousands) Region April 2013 April 2014 Northeast 26,232.8 26,507.6 274.8 South 52,697.9 53,652.6 954.7 Midwest 31,846.3 32,358.0 511.7 West 33,181.4 33,771.6 590.2 b. The accompanying table shows the change in the size of the labor force during the period April 2013 to April 2014. Region Northeast South Midwest West Growth in the labor force (thousands) -118.3 228.6 147.0 185.1 c. The unemployment rate is calculated as (Number of unemployed workers/ labor force) x 100, as shown in the accompanying table. Unemployment rate Region Northeast April 2013 April 2014 7.7% 6.3% South 7.2 5.9 Midwest 7.2 6.1 West 8.1 7.0 d. In the Northeast the fall in the unemployment rate was caused by a rise in the number of people with jobs and a decline in the labor force. In the South, midwest, and west, the fall in the unemployment rate was caused by both a net rise in the number of jobs and a fall in the number of people seeking jobs. In the South there was both a net rise in the number of jobs and the number of people seeking jobs. But the number of jobs increased more than the labor force, and the unemployment rate fell.

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The correct answer is option d In the Northeast the fall in the unemployment rate was cause... View the full answer