ECON103 Lecture Notes - Lecture 9: Breakfast Cereal, Sports Equipment, Fuel Oil

• School: University of Delaware
• Department: Economics
• Course: ECON103
• Professor: Jens Schubert

Document Summary

9. 1 measuring the unemployment rate, the labor force participation. There are more than 300 million people in the u. s. , regular monitoring and reporting of their employment activities would be very difficult and costly. Labor force and unemployment rate: labor force the sum of employed and unemployed workers in the economy, unemployment rate the percentage of labor force that is unemployed. Current population surveyy (hh survey: each month, the u. s. , bureau of the census conducts the current. Population survey: ~ 6(cid:1004),(cid:1004)(cid:1004)(cid:1004) (cid:862)(cid:396)ep(cid:396)ese(cid:374)tati(cid:448)e(cid:863) households sele(cid:272)ted, repo(cid:396)ti(cid:374)g hh (cid:373)e(cid:373)(cid:271)e(cid:396)s of (cid:862)(cid:449)o(cid:396)ki(cid:374)g age(cid:863) ((cid:1005)6+ years old, hh (cid:373)e(cid:373)(cid:271)e(cid:396)s (cid:396)epo(cid:396)t thei(cid:396) e(cid:373)plo(cid:455)(cid:373)e(cid:374)t du(cid:396)i(cid:374)g (cid:862)(cid:396)efe(cid:396)e(cid:374)(cid:272)e (cid:449)eek(cid:863, hh members report their recent job-search activities. Figure 9. 1 the employment status of the civilian working-age. Figure 9. 4 unemployment rates in the u. s. august 2015: unemployment rates vary by demographic variables, e. g. education level. 1984 prices: recall: values in current-year dollars are called nominal values.