Assignment Task: Provide a minimum of a 3-year history of the following:
Unemployment rate in the United States,
Inflation rate in the United States, and
Labor force participation rate in the United States.
Indicate how these historical measures impacted the petroleum industry.
Provide a current evaluation of the status of the following:
Unemployment rate in the United States,
Inflation rate in the United States, and
Labor force participation rate in the United States.
Indicate how the current status of these economic indicators are impacting the petroleum industry.
Provide a forecast (projecting at least 3 years into the future) of the following:
Unemployment rate in the United States,
Inflation rate in the United States, and
Labor force participation rate in the United States.
Indicate how the forecast of these economic indicators will impact the petroleum industry if the forecast is correct.
The U.S. Bureau of Labor Statistics website is helpful for finding data for this assignment. Provide source links/websites used for the answers provided.