(Answered) Question in august 2002 preliminary data showed that

Economics

Question: In August 2002, preliminary data showed that payroll employment rose 39,000, household employment rose 429,000, and the unemployment rate fell from 5.9% to 5.7%.

(A) Based on these data, what conclusion would you reach about the current employment situation?

(B) How would your answer change if you also noted that

(a) the unemployment rate for men 20 years and over was unchanged, and

(b) the number of initial unemployment claims rose from 386,000 to 398,000?

(a) teenagers, and

(b) experienced wage and salary workers?

(D) Based on this welter of confusing information - which is not unusual - what conclusions can be drawn about basing business plans on the latest monthly employment and unemployment data?

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92545879
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question - lashondra is the owneroperator of an interior

Question - Lashondra is the owner/operator of an interior design firm. Last year she earned $400,000 in total revenue. Her explicit costs were $200,000 (assume that this amount represents the total opportunity cost of th ...

Question how does the official unemployment rate change

Question: How does the official unemployment rate change when these categories are added? What alternative measures of unemployment has the BLS created to address these limiations? The response must be typed, single spac ...

Question if workers contribute to their groups investments

Question: If workers contribute to their group's investments and decide on these investments, workers at different stages of their careers may want different types of capital, for example a durable building versus a temp ...

Question submit a brief reflective essay minimum of 750

Question: Submit a brief, reflective essay (minimum of 750 words) with the following three sections: 1. Write your personal thoughts about the main concepts of the Cheung-Judge (2012) article, and identify personal trait ...

Question what is the time value of money and how can

Question: What is the time value of money and how can compound interest be used to calculate the present value of any future amount of money? How is the word "risk" used in financial economics and what is the difference ...

Question the city governments of anaheim and los angeles

Question: The city governments of Anaheim and Los Angeles are each constructing packages to attract a National Football League team to locate in one of them. The packages include construction of a stadium from taxpayer f ...

Question the abc corporation has an investment opportunity

Question: The ABC Corporation has an investment opportunity that costs $175,000 and 9 years later pays a lump-sum amount of $415,000. What percent interest rate per year would be earned on this investment. Calculate your ...

Question an economist wants to know what fraction of

Question: An economist wants to know what fraction of workers in a factory sometimes smoke marijuana on the job. She collects a random sample of 100 workers. To allay their fears she conducts the investigation indirectly ...

Question the ilos global wage report states that in the

Question: The ILO's Global Wage Report states that "in the wake of the financial crisis of 2008-09, global real wage growth started to recover in 2010, but has decelerated since 2012, falling from 2.5 per cent to 1.7 per ...

Question describe the three forms of price discrimination

Question: Describe the three forms of price discrimination and give examples of where each kind is applied. What would prevent a firm attempting to price discriminate from being successful? Would oligopolies or monopolis ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert