Real-Time Data Analysis Exercise

The following table displays employment data from FRED* for February,2021. The values are in thousands of persons.

*Real-time data provided by Federal Reserve Economic Data(FRED), Federal Reserve Bank of Saint Louis.

Title

Value

Unemployment

9,972

Civilian labor force

160,211

Employment levelpart-time for economic reasons

4,723

When employed individuals becomeunemployed, the civilian labor force does not change

.

Use the data in the table above to calculate two different unemployment rates. (Enter your responses rounded to two decimalplaces.)

A)The civilian unemployment rate is %.

B) The civilian unemployment rate including persons who are underemployed(part-time for economicreasons) is

percent.