Part 1: The Unemployment Rate Complete the following exercise Vi...

Question
Part 1: The Unemployment Rate
Complete the following exercise
Visit the Bureau of Labor Statistics Web Site
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?
5. What are the noneconomic effects of unemployment?
6. Who loses from unemployment?

Part 2: The Inflation Rate
Complete the following exercise:
Visit the Bureau of Labor Statistics Web Site,
Select Consumer Price Index Summary.
Write a report (1 - 2 pages double spaced) to answer the questions:
1. What month (and year) is summarized? What was CPIU for that month?
2. What was the rate of inflation (percentage change in the CPIU) for the month? How does that rate of inflation compare with the rate in the previous month?
3. Which two categories of goods or services had the greatest price increase for the month?
4. Which two categories of goods or services had the lowest price increase (or greatest price decrease) for the month?
5. Who loses from inflation?

Part 3: Unemployment Data by Labor Force Groups and Duration
Go to the home page of the Economic Report of the President. Scroll down and Click on the link download individual tables as Excel. There is Appendix B: Statistical Tables Relating to Income, Employment, and Production.

1. Find unemployment data (Table B–12.—Civilian unemployment rate) for each year 2000 to present. Use four labor force groups: males, and females, in each case 16 to 19 years of age, versus 20 years of age or over.
a. Present the result in your project as a table.
b. Create one or more charts.

2. Use the Economic Report of the President (Table B–13.—Unemployment by duration and reason) to find data on the duration of unemployment for each year 2000 to present.
a. Present the result in your project as a table.
b. Create one or more charts.

In this paper consider, but do not be limited to the following:
1. Which years had the highest and lowest unemployment rates? How do the rates compare among these groups?
2. Compare the distribution of unemployment by duration over these years. Which years had the highest and lowest unemployment duration? What relationship, if any, do you find?
3. Demographic studies show that the proportion of teenagers and minorities in the U.S. population is likely to increase in the near future. In your opinion, what implications, if any, will this trend have on the natural rate of unemployment?
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1. The employment situation summary presented by the Bureau of Labor Statistics (BLS) is for August 2017. The unemployment rate for August 2017 was 4.4% equivalent to about 7.1 unemployed persons. This rate is 0.1% higher than the previous month where total unemployment was 4.3%. In total, approximately151,000 more people were unemployed in August 2017 compared to July 2017.

2. The unemployment rate for adult women in August 2017 was 4.0% while the unemployment rate for teenagers was 13.6%. In contrast, the unemployment rate for Blacks during the month was 7.7% compared to 5.2% for Hispanics and 3.9% for Whites.
Comparing the unemployment rates for August 2017 and July 2017 indicates that there was no change in the unemployment rate for adult women. However, the unemployment rate for teenagers increased by 0.4%, that is from 13.2% in July 2017 to 13.6% in August 2017 while the unemployment rate for Blacks increased by 0.3%. In comparison, the unemployment rates for both Hispanics and Whites increased by 0.1%.
One of the factors that make it difficult to determine the unemployment rate is the challenge of determining who is eligible and available to work. It is difficult to distinguish between the three major population groups, and since the unavoidable minimum of frictional and structural unemployment is itself changing, it is difficult to determine the full
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      uri
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        • 17. vendor/laravel/framework/src/Illuminate/Routing/Controller.php:54
        • 18. vendor/laravel/framework/src/Illuminate/Routing/ControllerDispatcher.php:43
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        1.28mstwenty4_siteHomeworkLibraryController.php#97
        Backtrace
        • 21. app/Http/Controllers/HomeworkLibraryController.php:97
        • 22. vendor/laravel/framework/src/Illuminate/Routing/Controller.php:54
        • 23. vendor/laravel/framework/src/Illuminate/Routing/ControllerDispatcher.php:43
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        3.49mstwenty4_siteHomeworkLibraryController.php#97
        Backtrace
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        • 23. vendor/laravel/framework/src/Illuminate/Routing/ControllerDispatcher.php:43
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        • 20. app/Models/HomeworkLibrary/HomeworkLibrary.php:201
        • 26. app/Http/Controllers/HomeworkLibraryController.php:105
        • 27. vendor/laravel/framework/src/Illuminate/Routing/Controller.php:54
        • 28. vendor/laravel/framework/src/Illuminate/Routing/ControllerDispatcher.php:43
        • 29. vendor/laravel/framework/src/Illuminate/Routing/Route.php:260
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        Bindings
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        Backtrace
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        • 18. app/Repositories/HomeworkLibraryRepository.php:39
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      • select * from `subjects` where `subjects`.`id` in (20)
        1.38mstwenty4_siteHomeworkLibraryRepository.php#30
        Backtrace
        • 19. app/Repositories/HomeworkLibraryRepository.php:30
        • 20. vendor/laravel/framework/src/Illuminate/Cache/Repository.php:397
        • 21. vendor/laravel/framework/src/Illuminate/Cache/CacheManager.php:419
        • 23. app/Repositories/HomeworkLibraryRepository.php:39
        • 24. app/Http/Controllers/HomeworkLibraryController.php:139
      • select * from `solutionslibrary_files` where `solutionslibrary_files`.`solutionlib_id` = 32277 and `solutionslibrary_files`.`solutionlib_id` is not null and `publish` = 'question' order by `order` asc, `id` asc
        1.29mstwenty4_siteHomeworkLibrary.php#260
        Bindings
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        Backtrace
        • 15. app/Models/HomeworkLibrary/HomeworkLibrary.php:260
        • 16. app/Transformers/HomeworkLibrary/HomeworkLibraryTransformer.php:58
        • 19. vendor/league/fractal/src/TransformerAbstract.php:128
        • 20. vendor/league/fractal/src/TransformerAbstract.php:107
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        Backtrace
        • 15. app/Models/HomeworkLibrary/HomeworkLibrary.php:260
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        • 15. app/Models/HomeworkLibrary/HomeworkLibrary.php:260
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