Question
**PLEASE ANSWER ALL THE QUESTIONS WITH SHOWING ALL THE WORK** Employment and Unemployment In March 2023, the country's Census Bureau reported that its total population
**PLEASE ANSWER ALL THE QUESTIONS WITH SHOWING ALL THE WORK**
Employment and Unemployment
In March 2023, the country's Census Bureau reported that its total population was 2000 people.
According to the Household Survey of the employment situation that was conducted by the country's Labor Department, 450 of these 2000 people were under 16, and 50 were confined in its single prison or were residents of its single long-term medical-care facility. The country did not have any armed forces.
The Household Survey reported that another 250 residents of the country were able to work but were not interested in working because they were retired, they were full-time students who could afford not to work, they were at home caring for their children, etc. Another 50 people were potentially interested in working, and had looked for work in the last 12 months, but had not looked for work in the last four weeks. Of those 50, twenty had given up looking for work, at some point during the last year, because they did not believe it was possible for them to find satisfactory jobs.
Finally, the Household Survey reported that a total of 800 people were working full-time; another 310 were working part-time.
The country's Establishment Survey reported that nonfarm payroll employment was 1000 people in March 2023. That figure was 0.5 percent higher than it had been in February 2023 and 3.0 percent higher than it had been in March 2022.
1. Assuming no residents of the country (people counted as part of the population by the Census Bureau) were uncategorized, how many people in the country were in the following categories, in March 2023?
A. Adult Civilian Non-institutional Population
B. Not in the Labor Force
C. Civilian Labor Force
D. Employed
E. Unemployed
2. How many people in the country were marginally attached to the labor force?
3. How many people were discouraged workers?
4. What was the country's unemployment rate, in percent, rounded to the nearest tenth of a percent?
5. What was the country's labor force participation rate, in percent, rounded to the nearest tenth of a percent?
6. If both surveys were accurate, how many people in the country were employed on farms in March 2023
7. What was the country's nonfarm payroll employment in February 2023, rounded to the nearest person?
8. Answer the same question for March 2022.
9. What was the country's change in nonfarm payroll employment from February 2023 to March 2023?
(Note that this is a number-of-persons change, not a percent change.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started