SP10+E202+Homework+1 - Name_ ID#_ CL Session_ E202 Homework...

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Name________________________ E202 Homework #1 ID#_______________ CL Session___ Due: Beginning of CL #2 1. What are the three categories into which the Bureau of Labor Statistics divides everyone? What are the formulas for the labor force, the unemployment rate, and the labor-force participation rate? 2. Define the following categories of unemployment and give an example of each: a. seasonal unemployment b. structural unemployment c. frictional employment d. cyclical unemployment 3. Use the BLS web site. Find the November 2009 data for following categories: Employment Level, Unemployment Level, & Civil Labor Force Level and list it below. Based on this information calculate the following:   http://data.bls.gov/cgi-bin/surveymost?ln a. Not in Labor Force b. Unemployment Rate c. Labor Force Participation Rate 4. What does it mean to be a discouraged worker? How does this affect the unemployment rate? According to the BLS web site, how many more people were discouraged from September to
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This note was uploaded on 02/02/2010 for the course ECON-E 202 taught by Professor Nahn during the Spring '08 term at Indiana.

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