Week 5 Assignment - Unemployment Rates homework help

Anonymous

Question Description

After reading chapters 8, 9, and 10, write a 2-page paper describing how the published unemployment rate is derived.

What is the relationship between the labor participation rate and the unemployment rate?

How can the published unemployment rate actually be misleading vis-a-vis economic conditions?

Tutor Answer

Marrie
School: New York University

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1

Running Header: UNEMPLOYMENT AND LABOR PARTICIPATION RATES

Unemployment and Labor Participation Rates
Institutional Affiliation
Date
3rd August 1993

2

UNEMPLOYMENT AND LABOR PARTICIPATION RATES
The common misconception about unemployment rates is that these rates are obtained
through the statistics on how many people collect unemployment insurance. This is not the case
as the unemployment rate is measured through monthly surveys called Current Population
Survey. This survey is conducted by a division of the Department of Labor known as Bureau of
Labor Statistics. BLS simply classifies unemployment as people who ...

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