Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Part 3: Unemployment Data by Labor Force Groups and Duration Go to https://www.govinfo.gov/app/collection/erp This is the home page of the Economic Report of the President.

Part 3: Unemployment Data by Labor Force Groups and Duration Go to https://www.govinfo.gov/app/collection/erp This is the home page of the Economic Report of the President. Click on the last available Report, scroll down, and download individual tables as Excel.

Please note that using the data from previous Reports will produce grade zero for this part of the project.

1. Find unemployment data (Table B-27.Civilian unemployment rate) for each year 2000 to present. Use three labor force groups: men 20 years and over, women 20 years and over, both sexes 16 to 19 years of age.

a. Present the result in your project as a table.

b. Create one or more charts (line graph, bar graph, etc.).

2. Find unemployment data (Table B-27.Civilian unemployment rate) for each year 2000 to present by educational attainment (25 years and over). Use the following groups: less than an high school diploma; high school graduates, no college; some college or associate degree; bachelor's degree and higher.

a. Present the result in your project as a table.

b. Create one or more charts (line graph, bar graph, etc.).

3. Use the Economic Report of the President (Table B-28. Unemployment by duration and reason) to find data on the duration of unemployment for each year 2000 to present.

a. Present the result in your project as a table.

b. Create one or more charts (line graph, bar graph, etc.). Write a report (2 pages double-spaced) in your own words about the results you received.

In this paper consider, but do not be limited to the following:

1. Which years had the highest and lowest unemployment rates? How do the rates compare among these groups?

2. Compare the unemployment rates by educational attainment. How do the rates compare among these groups? What relationship, if any, do you find?

3. Compare the distribution of unemployment by duration over these years. Which years had the highest and lowest unemployment duration? What relationship, if any, do you find?

4. Demographic studies show that the proportion of teenagers and minorities in the U.S. population is likely to increase in the near future. In your opinion, what implications, if any, will this trend have on the unemployment rate?

5. Please analyze and discuss the significance of the data that you received for this Data exercise.

6. Reflect on what you have learned from this exercise.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Vanishing American Corporation Navigating The Hazards Of A New Economy

Authors: Jerry Davis, Gerald F Davis

1st Edition

1626562792, 9781626562790

More Books

Students also viewed these Economics questions

Question

Graph each inequality. 9x 16y + 144 AI

Answered: 1 week ago