Describe how the Bureau of Labor Statistics (BLS) measures unemployment. 2. Evaluate strengths and limitations of...
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Describe how the Bureau of Labor Statistics (BLS) measures unemployment. 2. Evaluate strengths and limitations of BLS unemployment statistics. 3. What are the causes of frictional, cyclical, and structural unemployment? 4. What is full employment or natural rate of unemployment? 5. Calculate: If there are 360 million people living in the U.S, and 290 million are eligible workers while 170 million are in the labor force with 10% unemployed, what is the number of unemployed workers? 6. Calculate: If there are 360 million people living in the U.S, but 1 million died of health issues leaving 289 million eligible workers, what is the unemployment rate if 170 million are in the labor force and 7 million are actively looking work? 7. Calculate: If there are 360 million people living in the U.S, and 289 million are eligible workers while 80 million are considered discouraged workers and 10 million are considered unemployed at a rate of 10%, what is the number of people in the labor force? Describe how the Bureau of Labor Statistics (BLS) measures unemployment. 2. Evaluate strengths and limitations of BLS unemployment statistics. 3. What are the causes of frictional, cyclical, and structural unemployment? 4. What is full employment or natural rate of unemployment? 5. Calculate: If there are 360 million people living in the U.S, and 290 million are eligible workers while 170 million are in the labor force with 10% unemployed, what is the number of unemployed workers? 6. Calculate: If there are 360 million people living in the U.S, but 1 million died of health issues leaving 289 million eligible workers, what is the unemployment rate if 170 million are in the labor force and 7 million are actively looking work? 7. Calculate: If there are 360 million people living in the U.S, and 289 million are eligible workers while 80 million are considered discouraged workers and 10 million are considered unemployed at a rate of 10%, what is the number of people in the labor force?
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1 The Bureau of Labor Statistics BLS measures unemployment through the Current Population Survey CPS which is a monthly survey of households conducted ... View the full answer
Related Book For
Business Statistics A Decision Making Approach
ISBN: 9780134496498
10th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
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