In the middle of each month, the statistical office of Urbanville takes a sample survey of 2,000 people over the age of 16, to determine their labor force status in the previous week. Each respondent is allocated to one of these categories: a) Worked full-time for wages or salary b) Worked part-time for wages or salary c) Self-employed d) Did not work for pay, but looked for work e) Did not work; did not look for work because she thought jobs were not available f) Did not work for pay because she did not want to The results for the second half of 2010 were July August September a) 901 885 868 b) 150 160 170 c) 200 198 196 d) 72 78 85 e) 32 35 38 f) 645 644 642 For each month, calculate and fill in the table below. Round all answers to one decimal place. For example, if your answer is 2.06, the answer would be 2.1. Find the following and fill in the table: the labor force, the number of unemployed, the unemployment rate, New Labor Force including discouraged workers. the total of unemployed plus discouraged workers, The unemployment rate if discouraged workers were considered in the labor force Month Labor force Unemployed Unemployment Rate New labor Force including discouraged workers Total of unemployed plus discouraged workers Rate of unemployed including discouraged workers July 1323 72 5.4 1355 104 ? August 1321 78 5.9 1356 113 ? September 1319 85 6.4 1357 123 ?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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In the middle of each month, the statistical office of Urbanville takes a sample survey of 2,000 people over the age of 16, to determine their labor force status in the previous week. Each respondent is allocated to one of these categories:

a) Worked full-time for wages or salary
b) Worked part-time for wages or salary
c) Self-employed
d) Did not work for pay, but looked for work
e) Did not work; did not look for work because she thought jobs were not available
f) Did not work for pay because she did not want to

The results for the second half of 2010 were

July August September

a) 901 885 868
b) 150 160 170
c) 200 198 196
d) 72 78 85
e) 32 35 38
f) 645 644 642

For each month, calculate and fill in the table below. Round all answers to one decimal place. For example, if your answer is 2.06, the answer would be 2.1.

Find the following and fill in the table:

the labor force,
the number of unemployed,
the unemployment rate,
New Labor Force including discouraged workers.
the total of unemployed plus discouraged workers,
The unemployment rate if discouraged workers were considered in the labor force

Month	Labor force	Unemployed	Unemployment Rate	New labor Force including discouraged workers	Total of unemployed plus discouraged workers	Rate of unemployed including discouraged workers
July	1323	72	5.4	1355	104	?
August	1321	78	5.9	1356	113	?
September	1319	85	6.4	1357	123	?

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