1. The data below are drawn from the September employment numbers (in thousands)
ID: 1111004 • Letter: 1
Question
1. The data below are drawn from the September employment numbers (in thousands) from the BLS Fill in values for each of the 8 empty boxes. Report all values to 2 decimal places (x.3x0x) Employment Situation Summary % change Au Category Civilian noninstitutional population Sept. Aug 248,229 248,446 155.959 155,8621-0. Civilian labor force Labor Force Participation rate6.35 66.15 Employed Unemployed 146,368 146,600 -1-3:43 9,591- 9,262 6.15 54 Unemployment rate B. In September, the BLS estimates there were 7,103,000 persons working part-time and 2,226,000 persons fitting in the discouraged worker category. Using the numbers in the table above, recalculate the unemployment rate accounting for both groups. Be careful how you adjust the labor force. Show your work by indicating the values in the numerator and denominator. Report all values to 2 decimal places (X.xx).Explanation / Answer
Ans:
Calculation of unemployment after considering discouraged workers in september
Unemployed = 9262000 + 2226000
= 11488000
Labor force = 155862000 + 2226000
= 158088000
Unemployment rate = 11488000 / 158088000
= 0.0737 or 7.37%
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