The table below reports the unemployment rate, labor force participation rate, and (working-age) population for the...

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The table below reports the unemployment rate, labor force participation rate, and (working-age) population for the United States in January 2008, 2011, and 2016. Using the data, answer the following questions. a. What was the size of the labor force at the start of each year? b. How many people were officially unemployed at the start of each year? c. What about these numbers may cause some concern even though the unemploy- ment rate to start 2016 was a notch below the unemployment rate in 2008 as the economy was entering the Great Recession? Unemployment Rate Labor Force Participation Rate Working-age Population 2008 5.0% 66.2% 234m 2011 9.1% 64.2% 238m 2016 4.9% 62.7% 251m The table below reports the unemployment rate, labor force participation rate, and (working-age) population for the United States in January 2008, 2011, and 2016. Using the data, answer the following questions. a. What was the size of the labor force at the start of each year? b. How many people were officially unemployed at the start of each year? c. What about these numbers may cause some concern even though the unemploy- ment rate to start 2016 was a notch below the unemployment rate in 2008 as the economy was entering the Great Recession? Unemployment Rate Labor Force Participation Rate Working-age Population 2008 5.0% 66.2% 234m 2011 9.1% 64.2% 238m 2016 4.9% 62.7% 251m

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To answer the questions we can use the given data as follows a The size of the labor force at the st... View the full answer