https://www.bls.gov/news.release/empsit.t01.htm 1. Refer the information given in the link above. Show your work for the calculation of the Unemployment rate and Labor Force Participation Rate (Seasonally adjusted January 2022) for the following categories: 1. Men 20 years and above 2. Women 20 years and above 3. Both sexes 16 to 19 years Note: The unemployment rate and labor force participation rate are already calculated by BLS and is given in the link. You must show how it is calculated using the formula shown in the power points (slides 5 and 6). Round off your answers to two decimal places. 2. Refer the Information given in the link below. https://www.bls.gov/news.release/cpi.t01.htm Show your work for the calculation of the Inflation rate (January 2021 - January 2022) for the following items: 1. Food 2. Motor Fuel 3. Gasoline 4. Rent of Primary Residence 5. Airline Fares Inflation Rate: [CPI in year 2 - CPI in Year 1] / CPI in Year 1 x 100 Round off your answers to two decimal places. 3. Classify the following persons as employed, unemployed or Not in the labor force. a) During the entire week containing the 12th of the month, Cameron Diaz misses work because she was diagnosed with stomach virus by her doctor. b) Ethan lost his job due to the recession. He spends his mornings searching online for job openings and his afternoons filling out job applications. c) Lydia is a stay- at-home mom raising her children and spent the weekend looking at help wanted ads. d) JoAnn worked 17 hours for her family business during the survey week but was not paid.

2 e) Barbara has not been able to find work for six months. Frustrated, she has given up looking. 4. Classify the following as frictionally unemployed, structurally unemployed, or cyclically unemployed. a) Fred finished his CDL training at Lehigh Career Technical Institute and spent three weeks looking for a job driving a truck. b) Lisa Schneck, a private secretary was laid off from a law firm as her technical skills become obsolete. c) Fred Myer was laid off from the K&K construction company during 2008-09 recession. d) Mike Tyson is fired from Smuckers Company because he is being replaced by the robotic bottling units. e) Bob Wilson recently graduated from the Department of Business at DeSales University and is looking for a manager position in Lehigh Valley.