Question
Here is a report from a not-very efficient Bureau of Labor Statistics survey taker: There were 200 people in the houses I visited, 25 people
Here is a report from a not-very efficient Bureau of Labor Statistics survey taker:
"There were 200 people in the houses I visited, 25 people were children under the age of 16 and 25 people were actively serving in the military. 45 people had full time jobs, and 25 had part-time jobs.Of the 25 people who had part-time jobs, 3 would prefer to have full-time jobs. 10 people were retired (even though they are healthy enough to work) and indicated that they did not want a job.There were 20 full-time Moms and 20 full-time students who did not have jobs and had not actively looked for work in the past four weeks. 4 of the full-time Moms and 5 of the full-time students indicated that would take a job if offered (although they had not actively looked for work in the past four weeks),while the remaining full-time Moms and students did not want jobs given their current time commitments.The 30 remaining people did not have jobs but all said they would like one.However, of the 30 people, only 20 had actively looked for a job in the past four weeks.The remaining 10 people had not looked actively for work in the past four weeks because they were discouraged."
1. Calculate the civilian, non-institutionalized, working-age population.
2. Calculate the labor force.
3. Calculate the labor force participation rate. [Round all your answers two decimal places, meaning 45.657% would round to 45.66%. For units, please type "%"]
4.
Calculate the unemployment rate U3. [Round all your answers two decimal places, meaning 45.657% would round to 45.66%. For units, please type "%"]
5.
Calculate the unemployment rate U4. [Round all your answers two decimal places, meaning 45.657% would round to 45.66%. For units, please type "%"]
6. Calculate the unemployment rate U5. [Round all your answers two decimal places, meaning 45.657% would round to 45.66%. For units, please type "%"]
7. Calculate the unemployment rate U6. [Round all your answers two decimal places, meaning 45.657% would round to 45.66%. For units, please type "%"]
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