ECON 20a Lecture Notes - Lecture 3: Construction Worker, Current Population Survey (Us)
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11 Sep 2017
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What do we want to know? underutilized. The degree to which the economy"s labor resources are being utilized or. Knowing this would help us assess the economy"s unused productive capacity. U. s. employment statistics are compiled by the bureau of labor statistics (bls) from two surveys. The official unemployment rate is based on particular choices. Who to count as the labor force. The current population survey is a monthly survey of about 60,000 households. People confined to prisons or health facilities. This is because in most states you must be 16 yrs old to. 16 years old and over legally work. This is the (relevant) population represents the majority. This is a sample of the population, that statistically. Worked without pay at least 15 hours in the family"s business. Temporarily absent from work because of vacation, illness, and are thus employed etc. Otherwise, not in the labor force weeks) or on layoff waiting to be recalled.
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