The following table displays employment data from FRED* for February, 2023. The values are in thousands of persons. "Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. Title Value Unemployment 5,936 Civilian labor force 166,251 2,840 Employment level part-time for economic reasons When employed individuals become unemployed, the civilian labor force does not change Use the data in the table above to calculate two different unemployment rates. (Enter your responses rounded to two decimal places.) i The civilian unemployment rate is percent. The civilian unemployment rate including persons who are underemployed (part-time for economic reasons) is percent.
The following table displays employment data from FRED* for February, 2023. The values are in thousands of persons. "Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. Title Value Unemployment 5,936 Civilian labor force 166,251 2,840 Employment level part-time for economic reasons When employed individuals become unemployed, the civilian labor force does not change Use the data in the table above to calculate two different unemployment rates. (Enter your responses rounded to two decimal places.) i The civilian unemployment rate is percent. The civilian unemployment rate including persons who are underemployed (part-time for economic reasons) is percent.
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
Problem 7P
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G.99.
Transcribed Image Text:The following table displays employment data from FRED for February, 2023. The values are in thousands of persons.
*Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis.
Title
Value
5,936
166,251
2,840
Unemployment
Civilian labor force
Employment level part-time for economic reasons
When employed individuals become unemployed, the civilian labor force does not change
Use the data in the table above to calculate two different unemployment rates. (Enter your responses rounded to two decimal places.) i
The civilian unemployment rate is percent.
The civilian unemployment rate including persons who are underemployed (part-time for economic reasons) is percent.
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