Learning Journal Unit 2

Learning Journal Activity: In Chapter 8, you are introduced to the concept of unemployment. This assignment requires you to apply the formula for calculating unemployment and practice your understanding of its components Unemployment is an important economic indicator for the health of an economy. No one wants to be unemployed, especially for a longer period of time. Fill in the missing values in the table of data collected in the household survey for November 2021. The workingage population, employment, unemployment, and labor force are measured in thousands. Show your work. 2020 Household Survey Unemployment rate 9.4% Labor force participation rate 65.5%