Question

In: Economics

The Bureau of Labor Statistics reported in December 2019, seasonally adjusted total nonfarm payroll employment increased...

The Bureau of Labor Statistics reported in December 2019, seasonally adjusted total nonfarm payroll employment increased by 320,000 to 278,888,000 and the unemployment rate decreased from 3.5 percent to 3.3 percent. About 1.6 million people were marginally attached workers and 375,000 of them were discouraged. a. Calculate the change in unemployment in December 2019. b. With 1,600,000 marginally attached workers and 375,000 of them discouraged workers, what are the characteristics of the other 1,225,000 marginally attached workers?

Solutions

Expert Solution

please give a positive vote if you find this solution helpful. Thank you

Rahul Sunny answered 2 years ago
Next > < Previous

Related Solutions

The Bureau of Labor Statistics reported in December 2019, seasonally adjusted total nonfarm payroll employment increased...
The Bureau of Labor Statistics reported in December 2019, seasonally adjusted total nonfarm payroll employment increased by 320,000 to 278,888,000 and the unemployment rate decreased from 3.5 percent to 3.3 percent. About 1.6 million people were marginally attached workers and 375,000 of them were discouraged. a. Calculate the change in unemployment in December 2019. b. With 1,600,000 marginally attached workers and 375,000 of them discouraged workers, what are the characteristics of the other 1,225,000 marginally attached workers?
The bureau of labor statistics reported in a recent year that’s 16% of US nonfarm workers...
The bureau of labor statistics reported in a recent year that’s 16% of US nonfarm workers government employees. A random sample of 50 workers is drawn. A) is it appropriate to use a normal approximation to find the probability that than 20% of the individuals in the sample are government employees? If so find the probability if not explain why not. B) A new sample of 90 workers is chosen find the probability that more than 20% of workers in...
According to the US Bureau of Labor Statistics, in the United States, the employment rate measures...
According to the US Bureau of Labor Statistics, in the United States, the employment rate measures the number of people who have a job as a percentage of the working age population. In January 2020 the rate was 61.2%. A) Recognizing that this is a binomial situation, give the meaning S and F in this context. That is, define what you will classify as a "success" S and what you will classify as a "failure" F as it refers to...
According to the US Bureau of Labor Statistics, in the United States, the employment rate measures...
According to the US Bureau of Labor Statistics, in the United States, the employment rate measures the number of people who have a job as a percentage of the working age population. In January 2020 the rate was 61.2%. A) Recognizing that this is a binomial situation, give the meaning S and F in this context. That is, define what you will classify as a "success" S and what you will classify as a "failure" F as it refers to...
According to the US Bureau of Labor Statistics, in the United States, the employment rate measures...
According to the US Bureau of Labor Statistics, in the United States, the employment rate measures the number of people who have a job as a percentage of the working age population. In January 2020 the rate was 61.2%. A) Recognizing that this is a binomial situation, give the meaning S and F in this context. That is, define what you will classify as a "success" S and what you will classify as a "failure" F as it refers to...
The Bureau of Labor Statistics reported that the average yearly income of dentists in the year...
The Bureau of Labor Statistics reported that the average yearly income of dentists in the year 2011 was $110,000. A sample of 81 dentists, which was taken in 2012, showed an average yearly income of $120,000. Assume the standard deviation of the population of dentists’ incomes in 2012 is $36,000. a. We want to test to determine if there has been a significant increase in the average yearly income of dentists. Provide the null and the alternative hypotheses b. Compute...
The Bureau of Labor Statistics reported that the average yearly income of dentists in the year...
The Bureau of Labor Statistics reported that the average yearly income of dentists in the year 2012 was $110,000.  A sample of 81 dentists, which was taken in 2013, showed an average yearly income of $120,000.  Assume the standard deviation of the population of dentists’ incomes in 2013 is $36,000. Test the hypotheses at 95% confidence.
The United States Bureau of Labor Statistics (BLS) conducts the Quarterly Census of Employment and Wages...
The United States Bureau of Labor Statistics (BLS) conducts the Quarterly Census of Employment and Wages (QCEW) and reports a variety of information on each county in America. In the third quarter of 2016, the QCEW reported the total taxable earnings, in millions, of all wage earners in all 3222 counties in America. Suppose that James is an economist who collects a simple random sample of the total taxable earnings of workers in 52 American counties during the third quarter...
from the bureau of labor statistics web page, find the annual averages of the employment status...
from the bureau of labor statistics web page, find the annual averages of the employment status of the civilian noninstitutional population form 1940 to date. Construct a table and chart showing the size of the civilian noninstitutional population, the civilian labor force, the number of employed, the number of unemployed, and the unemployment rates for 1969, 1982, 1992, 2000, 2003, 2007, 2011. Discuss how these variables differed in those time periods
The Bureau of Labor Statistics (BLS) reported that 9.6% of adults aged 20 to 24 years...
The Bureau of Labor Statistics (BLS) reported that 9.6% of adults aged 20 to 24 years were unemployed in April 2015. Suppose that Jacqui believes that in her city the unemployment rate is higher than the reported proportion. She determines the unemployment status of 450 randomly selected adults in the given age range. She decides to conduct a z-test for the proportion p of unemployed adults in her town aged 20 to 24 years old. Determine the power to reject...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT