The Unemployment Rate
Complete the following exercise
Visit the Bureau of Labor Statistics Web Site,
www.bls.gov/news.release/empsit.toc.htm . Select Employment Situation Summary.
Write a report (1-2 pages double - spaced) to answer the questions:
1. What month (and year) is summarized? What was the unemployment rate for that month? How does that rate compare with the rate in the previous month?
2. What were the unemployment rates for adult women, teenagers, blacks, Hispanics, and whites? How did these rates compare with those a month earlier?
3. What factors make it difficult to determine the unemployment rate?
4. Why is unemployment an economic problem?
1. What are the noneconomic effects of unemployment?
2. Who loses from unemployment?