9915*.\" N!' :'-"'.m 0 DATA EXERCISE #2 Due end of Week 5 Fiease note that Use arses Citation Memodoiogy is required for air pans or the assignment Consists of three pans Pan 1: The Unemployment Rate {weight 30% of the assignment grade) Complete the following exercise Visit the Bureau of Labor Statistics Web Site. WWW . Select Employment Situation Summary. Write a report (1-2 pages double - spaced) to answer the questions: What month (and year) is summarized? What was the unemployment rate for that month? How does that rate compare with the rate in the previous month? What were the unemployment rates for adult women, teenagers, blacks, Hispanics. and whites? How did these rates compare with those a month earlier? What factors make it difcult to determine the unemployment rate? Why is unemployment an economic problem? What are the noneconomic eects of unemployment? Who loses from unemployment? Part 2: The Ination Rate (weight 30% of the assignment grade) Complete the following exercise: Visit the Bureau of Labor Statistics Web Site, wnnnrhlsgownewsreleaseicpi.mchtm . Select Consumer Price Index Summary. Wdte a report (1-2 pages double - spaced) to answer the questions: What month (and year) is summarized? What was CPI-U for that month? What was the rate of ination {percentage change in the CPI-U) for the month? How does that rate of inflation compare with the rate in the previous month? Which two categories of goods or senn'ces had the greatest price increase for the month? Which two categories of goods or services had the lowest price increase (or greatest price decrease} for the month? Who loses from ination? Part 3: Unemployment Data by Labor Force Groups and Duration [40% of the project grade] Go to https:ihvw.whitehouse.goyiadministrationieopiceai'economic-report-of-the-PresidentiZdiS - the home page of the Economic Report of the President. Scroll down and Click on the link dauntuadjndittiduaLtablesasxcal This link is located below Appendix B: Statistical Tables Relating to Income. Employment, and Production. a. Find unemployment data [Table B12.Citrilian unemployment rate] for the following four years 1995. 2000. 2005. and the last available year. Use four labor force groups: males. and females. in each case 16 to 1! years of age. versus 20 years of age or over. Present the result in your project as a table. b. Use the Economic Report of the President {Table EdiUnemployment by duration and reason) to nd data on the duration of unemployment in 1995. 2000, 2005. and the last available year. Present the result in your project as a table. Write a report (1-2 pages double-spaced) about the results you received. in this paper consider. but do not be fimited to the foil-owing