Analyzing Bureau of Labor Statistics(BLS) Unemployment Statistics

The goal of this homework: 1) learn another source for unemployment statistics with more detail 2) learn how read/understand statistics 3) learn the wealth of knowledge provided on the website surpasses what you read in the news 4) use the statistics to educate yourself

Look athttps://www.bls.gov/news.release/pdf/empsit.pdf(Links to an external site.)or the most recent news release from the BLS.

Note the numbers are in thousands. This means 230,895 is 230,895,000. Add three zeros, when appropriate, to the end of the numbers you read. For all questions that need a time period, use the two most recent months.

1. What is the not in the labor force percent for each month?

2. Of those unemployed, what group has the highest not in the labor force (in percent or raw numbers)?

3. Of those unemployed, what group has the highest unemployment (in percent or raw numbers)?

4. Explain what the current job market looks like for graduating high-school or college students. ie is the market good or bad for them? Do you think they will find a job?

5. Find one other statistic you find interesting. What is the statistic and briefly explain why it's interesting