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content area Part 1 Real-Time Data Analysis Exercise Part 2 The following table gives unemployment level data by gender from FREDopens in a new tab*
content area Part 1 Real-Time Data Analysis Exercise Part 2 The following table gives unemployment level data by gender from FREDopens in a new tab* for AprilApril of 20242024. *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. Title Value (thousands) Unemployment Level - Men 3 comma 5003,500 Unemployment Level - Women 2 comma 9912,991 Given that the unemployment level of men exceedsexceeds the unemployment level of women, it follows that the unemployment rate for men will be higher thanbe higher than the unemployment rate for women. This claim is false . Part 3 Use the values recorded above with the information in the following table to compute the unemployment rate for men and women for AprilApril of 20242024. (Enter your responses rounded to one decimal place.) Civilian Labor Force Level (thousands) Unemployment Rate (percent) Men: 88,70888,708 3.93.9 Women: 79,27479,274 3.83.8 Part 4 Suppose that a deep and prolonged recession induces some job seekers to discontinue their job search efforts due to the belief that no jobs are available for them. These individuals are known as discouraged distraught disillusioned workers, and an increase in their numbers, all else constant, will cause the unemployment rates computed above to increase not change decrease
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