QUESTION 14 In November the labor force in Siouxtown, was 14,800. There were 14,483 persons employed. The local unemployment rate: ? was 1.2%. ? was 2.1%. ? was 5.6%. ? was 7.1%.
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Step 1: The unemployment rate is calculated by dividing the number of unemployed people by the total labor force and multiplying by 100%. Show more…
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Craigburg has a working age population of 20 million. Of those, 11 million are employed and 1 million are unemployed. The unemployment rate is ________ and the participation rate is __________. Question options: a) 5%; 55%. b) 8.3%; 55%. c) 5%; 60%. d) 8.3%; 60%. In November 2010, the labor force in Siouxtown was 14,800. There were 14,483 persons employed. The local unemployment rate: Question options: a) was 1.2%. b) was 7.1%. c) was 5.6%. d) was 2.1%.
Andrew D.
Crystal W.
Exercises 69 to 72 refer to the following setting. In the language of government statistics, you are "in the labor force" if you are available for work and either working or actively seeking work. The unemployment rate is the proportion of the labor force (not of the entire population) who are unemployed. Here are data from the Current Population Survey for the civilian population aged 25 years and over in a recent year. The table entries are counts in thousands of people. Unemployment $(1.1)$ Find the unemployment rate for people with each level of education. How does the unemployment rate change with education?
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