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On Friday morning, 03 November 2017, Nick was very busy and only
took a brief look at the October 2017 Employment Situation Report
for the United States. While driving home that afternoon, he
recalled the report and thought, "Hmmm...that's strange." All he
could remember about the report was three pieces of information.
First, the unemployment rate in October fell to 4.1 percent. Second,
the number of people classified as employed decreased from its
September level. Third, the civilian noninstitutional population
increased from its September level.
Nick concluded with certainty that the number of people classified
as unemployed in October 2017 _____ its September 2017 level.
4.1= unemployed/(employed + unemployed)
going down to 4.1=? unemployed/(decreased employed +
unemployed)
decreased
ex. .333=1/3 ->
.25=.5/2
.333=1/(2+1) ->
.25=.5/(1.5+.5)
,On Friday morning, 03 November 2017, Nick was very busy and only
took a brief look at the October 2017 Employment Situation Report
for the United States. While driving home that afternoon, he
recalled the report and thought, "Hmmm...that's strange." All he
could remember about the report was three pieces of information.
First, the unemployment rate in October fell to 4.1 percent. Second,
the number of people classified as employed decreased from its
September level. Third, the civilian noninstitutional population
increased from its September level.
Nick concluded with certainty that the number of people in the
civilian labor force in October 2017 _____ its September 2017 level.
? civilian labor force = decreased employed + decreased
unemployed
decreased
you have to calculate the people unemployed to find this
, On Friday morning, 03 November 2017, Nick was very busy and only
took a brief look at the October 2017 Employment Situation Report
for the United States. While driving home that afternoon, he
recalled the report and thought, "Hmmm...that's strange." All he
could remember about the report was three pieces of information.
First, the unemployment rate in October fell to 4.1 percent. Second,
the number of people classified as employed decreased from its
September level. Third, the civilian noninstitutional population
increased from its September level.
Nick concluded with certainty that the number of people classified
as not in the labor force in October 2017 _____ its September 2017
level.
civilian noninstitutional increase = decrease employed + decrease
unemployed + ? not in labor force
increased
types of unemployment
frictional, structural, cyclical, seasonal