Question: Part 3: Unemployment Data by Labor Force Groups and Duration (30% of the project grade) Go to https://iwww.govinfo.gov/app/collection/erp This is the home page of the

 Part 3: Unemployment Data by Labor Force Groups and Duration (30%of the project grade) Go to https://iwww.govinfo.gov/app/collection/erp This is the home page

of the Economic Report of the President. Click on the_most recent availableReport, scroll down, and download individual tables as Excel. Please note that

Part 3: Unemployment Data by Labor Force Groups and Duration (30% of the project grade) Go to https://iwww.govinfo.gov/app/collection/erp This is the home page of the Economic Report of the President. Click on the_most recent available Report, scroll down, and download individual tables as Excel. Please note that using the data from previous Reports will produce grade zero for this part of the project. 1. Find unemployment data (Table B-27 Civilian unemployment rate) for each year 2000 to present. Use three labor force groups: men 20 years and over, women 20 years and over, both sexes 16 to 19 years of age. a. Presentthe result in your project as a table. b. Create one or more charts (line graph, bar graph, elc.). 2. Find unemployment data (Table B-27 Civilian unemployment rale ) for each year 2000 to present by educational attainment (25 years and over). Use the following groups: less than an high school diploma; high school graduates, no college; some college or associate degree; bachelor's degree and higher. a. Present the result in your project as a table. b. Create one or more charts (line graph, bar graph, elc.). 3. Use the Economic Report of the President (Table B-28.Unemploymentby duration and reason ) o find data on the duration of unemployment for each year 2000 to present. a. Presentthe resultin your project as a table. b. Create one or more charts (line graph, bar graph, elc.). Write a report (2 pages double-spaced) in your own words aboutthe results you recelved. In this paper consider, but do not be limited to the following: 1. Which years had the highestand lowestunemploymentrates? How do the rates compare among these groups? 2. Compare the unemployment rates by educational attainmenl. How do the rates compare among these groups? What relationship, if any, do you find? 3. Compare the distribution of unemployment by duration over these years. Which years had the highestand lowestunemployment duration? What relationship, if any, do you find? 4. Demographic studies show that the proportion of teenagers and minorities in the U.S. population is likely to increase in the near future. In your opinion, what implications, if any, will this trend have on the unemployment rate? 5. Please analyze and discuss the significance of the data that you received for this Data exercise. 6. Reflecton what you have leamed from this exercise

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!