Question

Please answer the following questions:

1- Summarize the Household Survey Data section of the news release (page #1-#2).

2- Summarize the Establishment Survey Data section of the new release (page #2-#3).

3- Is the downward trend in unemployment due to higher employment or higher amount of discouraged workers?

4- How do you think the new unemployment numbers may affect the national inflation rate?

Use the following link as the source:

https://www.bls.gov/news.release/pdf/empsit.pdf

Answer 1

	Household Survey Data Summary
S.no	Particulars	Parameters
1	unemployment rate	4.10%
2	No of unemployed persons**	6.7 million
3	long-term unemployed	1.4 million
4	labor force participation rate	63%
5	employment-population ratio	60.40%
6	persons employed part time for economic reasons	5.2 million
7	persons marginally attached to labor force	1.6 million persons
	discouraged workers 373000
	not searched for work 1.2 million
	** unemployment rates
	. For blacks 6.9%
	adult men 3.7%
	adult women 3.8%
	teenagers 14.4%
	whites 3.7%
	Asians 2.9%
	Hispanics 4.9% Establishment Survey Data summary Particulars parameters Non farm payroll employment 313000 construction employment 61000 gains in specialty trade contractors 38000 gains in specialty construction of buildings 16000 increase in jobs due to construction 185000 Retail trade employment 50000 employment rise in general merchandise stores 18000 in clothing and clothing accessories stores 15,000 building material and garden supply stores 10000 Employment in professional and business services 50000 Employment in temporary help services 27000 Raise in employment **in manufacturing sector 31000 in transportation equipment 8000 in fabricated metal products 6,000 machinery (+6,000) primary metals (+4,000) ** in financial activities 28000 credit intermediation and related activities (+8,000) insurance carriers and related activities (+8,000); commodity contracts, and investments (+5,000) ** mining sector 9000 ** health care 19000 average workweek for all employees 34.5 hours average hourly earnings for all employees 26.75$ Average hourly earnings of private-sector production and nonsupervisory employees 22.40$

c) downard trend in unemployement is due to higher no. if discouraged workers

d) higher unemployment level would bring down the inflation rate as there is invese relation between inflation and unemployment.