Question

Each month, usually on the first Friday of the month, the Bureau of Labor Statistics releases the Employment Situation Summary for the previous month. Part of the information released concerns how long individuals have been unemployed. Go to www.bls.gov to find the latest report. On the Bureau of Labor Statistics home page, click on the unemployment rate in the middle of the page, choose the Employment Situation Summary, and then click on the table titled "Unemployed persons by duration of unemployment." Use the seasonally adjusted numbers to answer the following questions. a. How many workers were unemployed less than 5 weeks? What percentage of all unemployed workers do these workers represent? How do these numbers compare to the previous month's data? b. How many workers were unemployed 27 or more weeks? What percentage of all unemployed workers do these workers represent? How do these numbers compare to the previous month's data? c. How long has the average worker been unemployed (average duration, in weeks)? How does this compare to the average for the previous month's data? d. Comparing the latest month for which there is data with the previous month, has the problem of long-term unemployment improved or deteriorated?

          Each month, usually on the first Friday of the month, the Bureau of Labor Statistics releases the Employment Situation Summary for the previous month. Part of the information released concerns how long individuals have been unemployed. Go to www.bls.gov to find the latest report. On the Bureau of Labor Statistics home page, click on the unemployment rate in the middle of the page, choose the Employment Situation Summary, and then click on the table titled "Unemployed persons by duration of unemployment." Use the seasonally adjusted numbers to answer the following questions.
a. How many workers were unemployed less than 5 weeks? What percentage of all unemployed workers do these workers represent? How do these numbers compare to the previous month's data?
b. How many workers were unemployed 27 or more weeks? What percentage of all unemployed workers do these workers represent? How do these numbers compare to the previous month's data?
c. How long has the average worker been unemployed (average duration, in weeks)? How does this compare to the average for the previous month's data?
d. Comparing the latest month for which there is data with the previous month, has the problem of long-term unemployment improved or deteriorated?

Added by Miguel P.

Question

Please give Ace some feedback