ECON 104 Lecture Notes - Lecture 10: Current Population Survey (Us), Missile Approach Warning System
19 Sep 2016
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Chapter 10 is the last of four chapters on the real economy. Chapter 7: k and l: key ingredients of income & growth. Chapter 8: k: how savings and investment affect output. Chapter 9: k: tools for savers and investors. Coming up after chapter 10: a) b) c) Chapters 11 - 12: money, banking, and inflation. Current population survey (cps): bureau of labor statistics (dept of labor) monthly survey of 60k households: Unemployment rate = unemployedlabor force x 100 ( 5. 6% in jan04) Labor force = unemployed + employed ( 150 million) Labor force participation rate = labor forceadult population x 100 approximately 66% overall in us. Labor force (civilian) composed of subcategories: (1) (2) Employed: spent some time in the previous week in a paid job. Unemployed: on temporary layoff or looking for a job. Not in the labor force: not employed, and not looking, eg full-time students, homemakers, b) discouraged workers.
