PRINCIPLES OF MACROECONOMICS(LOOSELEAF)
7th Edition
ISBN: 9781260110920
Author: Frank
Publisher: MCG
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Chapter 5, Problem 5.6CC
To determine
Labor force, working age population,
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The following table shows the annual average data on the employment status of the U.S. civilian noninstitutional population by age in 2017. Age Employed Unemployed Not in Labor Force (Thousands of People) (Thousands of People) (Thousands of People) 16 to 19 years 5,074 827 10,853 20 to 24 years 14,132 1,127 6,137 25 to 54 years 98,833 3,850 23,014 55 to 64 years 26,064 835 14,792 65 years and over 9,234 343 39,964 Total 153,337 6,982 94,759 Source: “Labor Force Statistics from the Current Population Survey.
The following table shows the annual average data on the employment status of the U.S. civilian noninstitutional population by age in 2017.
Age
Employed
Unemployed
Not in Labor Force
(Thousands of People)
(Thousands of People)
(Thousands of People)
16 to 19 years
5,074
827
10,853
20 to 24 years
14,132
1,127
6,137
25 to 54 years
98,833
3,850
23,014
55 to 64 years
26,064
835
14,792
65 years and over
9,234
343
39,964
Total
153,337
6,982
94,759
Source: “Labor Force Statistics from the Current Population Survey.”Bureau of Labor Statistics.
What is the national unemployment rate?
2.7%
4.4%
7.4%
59.1%
Complete the following table by computing the unemployment rate for each age group.
Age Unemployment Rate
16 to 19 years
20 to 24 years
25 to 54 years
55 to 64 years
65 years and over
Which of the following groups has an unemployment rate lower…
Using the following population and employment data for the United States (2000-2019), answer three questions.
Total Population Labor Force (in
(in thousands) thousands)
282,434
142,583
285,545
288,600
291,049
293,708
296,639
299,801
302,045
304,906
307,007
309,438
311,663
313,998
Year
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
316,205
318,563
320,897
323,127
325,085
327,096
329,065
%
143,734
144,863
146,510
149,401
149,320
151,428
153,124
154,287
154,142
153,889
153,617
154,995
155,389
155,922
157,130
159,187
160,320
162,075
163,539
%
Unemployment
(in thousands)
5,692
6,801
8,378
8,774
8,149
7,591
Instructions: Enter your responses as a percentage rounded to one decimal place.
In 2019,
%
7,001
7,078
a. what percentage of the labor force was employed?
8,924
14,265
14,825
13,747
12,506
11,460
9,617
8,296
7,751
6,982
6,314
6,001
b. what percentage of the labor force was unemployed?
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c. what percentage of the total population…
Chapter 5 Solutions
PRINCIPLES OF MACROECONOMICS(LOOSELEAF)
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- The following table shows UK labour market data for the first quarter of 2018 (all aged 16 and over, seasonally adjusted). Fill in the blank parts of the table. Male Female Total In employment (000s) 17 128 15 215 ILO unemployed (000s) 756 Total economically active (000s) 15 884 Percentage unemployed (%) 4.2arrow_forwardhow does Statistics Canada measures the actual unemployment rate for Canada for a given year.arrow_forwardUsing the following population and employment data for the United States (2000-2019), answer three questions. Total Population Labor Force (in (in thousands) Unemployment (in thousands) thousands) 282,434 142,583 5,692 285,545 143,734 6,801 288,600 144,863 8,378 291,049 146,510 8,774 293,708 149,401 296,639 149,320 299,801 151,428 302,045 153,124 304,906 154,287 307,007 154,142 309,438 153,889 311,663 153,617 154,995 155,389 155,922 157,130 159,187 160,320 162,075 163,539 udy Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 313,998 316,205 318,563 320,897 323,127 325,085 327,096 329,065 Instructions: Round your responses to one decimal place. If you are entering a number that is decreasing be sure to enter a negative sign (-) in front of that number. Between 2005 and 2010, by how much did a the labor force change? million b. unemployment change? million c. employment change? million ▬▬ E 8,149 7,591 7,001 7,078 8,924 14,265 14,825…arrow_forward
- Using the following population and employment data for the United States (2000-2019), answer three questions. Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Total Population Labor Force (in (in thousands) thousands) 282,434 142,583 285,545 288,600 291,049 293,708 296,639 299,801 302,045 304,906 307,007 309,438 311,663 313,998 316,205 318,563 320,897 323,127 325,085 327,096 329,065 % 143,734 144,863 146,510 149,401 149,320 151,428 153,124 154,287 154,142 153,889 153,617 154,995 155,389 155,922 157,130 159,187 160,320 162,075 163,539 % Unemployment (in thousands) 5,692 6,801 8,378 8,774 8,149 7,591 7,001 7,078 8,924 14,265 14,825 13,747 12,506 11,460 9,617 Instructions: Enter your responses as a percentage rounded to one decimal place. In 2019, a. what percentage of the labor force was employed? 8,296 7,751 6,982 6,314 6,001 b. what percentage of the labor force was unemployed? c. what percentage of the total population was…arrow_forwardCalculate the change in the share of employment by education levels between January 1992 and January 2017. Include a negative sign to indicate a decrease. Round answers to one place after the decimal. 1)Less than a high school diploma__________percentage points 2)High school diploma only_________percentage points 3)Some college_________percentage points 4)College graduate_________percentage pointsarrow_forwardUsing the following population and employment data for the United States (2000-2019), answer three questions. Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Total Population Labor Force (in thousands) (in thousands) 282,434 142,583 285,545 143,734 288,600 144,863 291,049 146,510 293,708 296,639 299,801 302,045 304,906 307,007 309,438 311,663 313,998 316,205 318,563 320,897 323,127 325,085 327,096 329,065 b. unemployment change? million c. employment change? 149,401 149,320 151,428 153,124 154,287 154,142 153,889 153,617 154,995 155,389 million 155,922 157,130 159,187 160,320 162,075 163,539 Instructions: Round your responses to one decimal place. If you are entering a number that is decreasing be sure to enter a negative sign (-) in front of that number. Between 2007 and 2012, by how much did a. the labor force change? million Unemployment (in thousands) 5,692 6,801 8,378 8,774 8,149 7,591 7,001 7,078 8,924 14,265 14,825 13,747…arrow_forward
- The following table contains unemployment statistics from 2013 for three different countries: Australia, the Netherlands, and France. (Source: “International Labor Comparisons.”Bureau of Labor Statistics) Fill in the table using the given data. Country Working-Age (Civilian Not in Civilian Employed Unemployed Unemployment Non-institutionalized) the Labor Force Labor Force (Thousands) (Thousands) Rate Population (Thousands) (Thousands) (Percent) (Thousands) Australia 18,332 6,196 12,136 11,501 635 Netherlands 13,629 4,796 8,364 469 France 22,411 25,547 2,824arrow_forwardFill in the missing values in the table of data collected in the household survey for December, 1996. The working-age population, employment, unemployment, and labor force are measured in thousands. Show your work. Working age population: 235,900 employment: unemployment: unemployment rate: 9.4% labor force: labor force participation rate: 65.5%arrow_forwardBelow are data from the U.S. Bureau of Labor Statistics. Using this data, answer the following questions. U.S. Data Number of unemployed 13,853,000 12,646,000 Month and Number of Unemployment Labor force employed 140,656,000 rate year April 2009 April 2012 April 2015 April 2018 154,509,000 141,899,000 8.2% 157,017,000 148,491,000 5.4% 161,551,000 155,216,000 6,335,000 (a) In April 2009, what was the unemployment rate? (in one decimal place) (b) In April 2012, how many people were in the labor force? (c) In April 2015, how many people were unemployed in the United States? (id In April 2018, what was the unemployment rate? (in one decimal place)arrow_forward
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