The BLS reported the following data for 2010 Labor force 153 7 million Employment 139 1 million Working age population 237 9 million Calculate Unemployment rate, Labor force participation rate Employment to population ratio Explain your answer (how you have done calculation) What distinguishes an u...

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The BLS reported the following data for 2010: Labor force: 153.7 million Employment: 139.1 million Working-age population:

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The BLS reported the following data for 2010:

Labor force: 153.7 million
Employment: 139.1 million
Working-age population: 237.9 million

Calculate: Unemployment rate, Labor force participation rate & Employment-to-population ratio. Explain your answer (how you have done calculation)
What distinguishes an unemployed person from one who is not in the labor force?
Define frictional unemployment, structural unemployment, and cyclical unemployment. Give examples of each type of unemployment.
Why is the unemployment rate never zero, even at full employment?

Posted Date: Jun 21, 2024 09:12 AM

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The BLS reported the following data for 2010: Labor force: 153.7 million Employment: 139.1 million Working-age population:

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