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What are the three categories into which the Bureau of Labor Statistics divides everyone? How does the BLS compute the labor force, unemployment rate and the labor force participation rate?

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Akhila Kumaran
Akhila KumaranLv4
24 Oct 2020

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Related questions

Using the most recent data from the Bureau of Labor Statistics website, calculate the unemployment rate and the labor force participation rate. 

2012

United States

Australia

Singapore

Malaysia

Unemployment rate inflation (%)

8.1

5.2

-

-

Labor force (thousands)

154,975

12,137

-

-

Labor force participation rate (%)

63.7

66.2

-

-

Inflation rate (%)

2.1

1.8

-

-

Source: U.S Bureau of Labor Statistics: International Labor Comparisons August 21, 2013

Analyze the data.

At 8:30 AM, Washington DC time, on Friday August 7, 2015, the Bureau of Labor Statistics (BLS) made the following announcement:

The employment situation-July 2015

Total nonfarm payroll employment increased by 215,000 in July, and the unemployment rate was unchanged at 5.3 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in retail trade, health care, professional and technical service, and financial activities.

9a) How does the BLS determine the unemployment rate for July 2015?

9b) How does the BLS determine the employment rate?

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