Question: Write the word or phrase that best completes each statement or answers the question. Fill in the missing values in the table of data
Write the word or phrase that best completes each statement or answers the question. Fill in the missing values in the table of data collected in the household survey for November, 2009. The working-age population, employment, unemployment, and labor force are measured in thousands. Show your work. 1) Employment Working-age population 4) Unemployment Unemployment rate Labor force Labor force participation rate 235,900 9.4% 65.5% To understand why someone cannot get a job, it helps to know the three types of unemployment. List the three types of 2) 2) unemployment and explain what causes each type. What advice for finding a job would be appropriate for someone in each type of unemployment? 3) Suppose 180,000 people are employed, 20,000 people are unemployed, the working-age population is 250,000, and 50,000 people are not in the labor force. Calculate the unemployment rate. 1) 3) Suppose 180,000 people are employed, 20,000 people are unemployed, and 50,000 people are not in the labor force. Calculate the labor force participation rate.
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1 Calculate the missing values in the table using the given formulas Given Workingage population 235900 Labor force participation rate 655 Unemployment rate 94 Employment Employment Workingage populat... View full answer
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