a) Discuss why (why not) men's unemployment is more (less) cyclical than women's. b) Using the data in the tables, can we find Okun's parameter k in Okun's law and calculate how much the economy will grow in the next period so that unemployment can be reduced by 2%? Discuss how realistic it is. Unemployment Percentage Year Men Women Total 2000 7.7 13.6 10.0 2001 6.9 12.1 9.0 2002 6.5 11.4 8.5 2003 6.5 11.3 8.0 2004 6.3 10.5 6.2 2005 10.0 7.7 2006 5.4 8.8 6.8 2007 4.9 6.1 2008 5.5 6.7 2009 6.7 9.2 7.7 2010 7.5 9.6 8.4 2011 7.5 9.5 8.4 2012 9.8 11.8 10.7 2013 11.5 13.1 12.1 2014 11.9 13.8 12.7 2015 11.3 12.7 11.9 2016 10.9 12.8 11.7 2017 10.3 12.4 11.2 2018 11.8 10.6 Table 2: Yearly Inflation Rate in December of the Year Before 2001 2.2 2002 2003 2004 2005 2006 2007 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 0.2 Year GDP Real 2000 1561934 2001 1592414 2002 1596457 2003 1598670 2004 1621429 2005 1634690 2006 1663961 2007 1688706 2008 1672460 2009 1584138 2010 1611279 2011 1622677 2012 1574306 2013 1545322 2014 1545252 2015 1557279 2016 1577207 2017 1604274 2018 1616697
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One reason is that men tend to be employed in industries that are more sensitive to economic fluctuations, such as manufacturing and construction. These industries are often the first to be affected by economic downturns and the last to recover, leading to higher Show more…
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By the end of 2010, women made up more than half of the labor force in the United States for the first time in the country’s history. The graphs show the percentage of jobs in the U.S. labor force held by men and by women from 1972 through 2009. Exercises 143–144 are based on the data displayed by the graphs. The formula $$ p=-2.2 \sqrt{t}+63.8 $$ models the percentage of jobs in the U.S.labor force, $p$ , held by men $t$ years after 1972 . a. Use the appropriate graph to estimate the percentage of jobs in the U.S. labor force held by men in 2000 . Give your estimation to the nearest percent. b. Use the mathematical model to determine the percentage of jobs in the U.S. labor force held by men in 2000 . Round to the nearest tenth of a percent. c. According to the formula, when will 48$\%$ of jobs in the U.S. labor force be held by men? Round to the nearest year.
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By the end of 2010, women made up more than half of the labor force in the United States for the first time in the country’s history. The graphs show the percentage of jobs in the U.S. labor force held by men and by women from 1972 through 2009. Exercises 143–144 are based on the data displayed by the graphs. The formula $$ p=2.2 \sqrt{t}+36.2 $$ models the percentage of jobs in the U.S.labor force, $p$ , held by women $t$ years after 1972 . a. Use the appropriate graph to estimate the percentage of jobs in the U.S. labor force held by women in 2000 . Give your estimation to the nearest percent. b. Use the mathematical model to determine the percentage of jobs in the U.S. labor force held by women in 2000 . Round to the nearest tenth of a percent. c. According to the formula, when will 52$\%$ of jobs in the U.S. labor force be held by women? Round to the nearest year.
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