The Unemployment Rate- noneconomic effects of unemployment

This assignment focuses on The Unemployment Rate. On the other hand, it explores noneconomic effects of unemployment. So, what factors make it difficult to determine the unemployment rate?

The Unemployment Rate- noneconomic effects of unemployment

Part 1: The Unemployment Rate (weight 30% of the assignment grade)

Complete the following exercise

Visit the Bureau of Labor Statistics Web Site, www.bls.gov/news.release/empsit.toc.htm (http:www.bls.gov/news.release/empsit.toc.htm). Select Employment Situation Summary.

Please note that using the data from previously published releases and summaries will produce grade zero for this part of the project.

Write a report (1 – 2 pages double spaced) in your own words 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?
    1. Secondly, what were the unemployment rates for adult women, teenagers, blacks, Hispanics, and whites? Also, how did these rates compare with those a month earlier?
    2. Also, What factors make it difficult to determine the unemployment rate?
    3. Why is unemployment an economic problem?
    4. What are the noneconomic effects of unemployment?
    5. Who loses from unemployment?
    6. Please analyze and discuss the significance of the data that you received for this Data exercise. Reflect on what you have learned from this exercise.

The Unemployment Rate- noneconomic effects of unemployment

Part 2: The Inflation Rate (weight 30% of the assignment grade)

Complete the following exercise:

Visit the Bureau of Labor Statistics Web Site,

www.bls.gov/news.release/cpi.toc.htm (http:www.bls.gov/news.release/cpi.toc.htm). Select Consumer Price Index Summary.

Please note that using the data from previously published releases and summaries will produce grade zero for this part of the project.

Write a report (1 – 2 pages double spaced) in your own words to answer the questions:

  1. What month (and year) is summarized? Also, What was CPIU for that month?
  2. What was the rate of inflation (percentage change in the CPIU) for the month? Besides, how does that rate of inflation compare with the rate in the previous month?

Detailed Instructions

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