DATA EXERCISE #2Format of the Project:The Data Exercise must be posted to the LEO Student Assignments as a Attachments are limited to a maximum two files in doc, docx., xls. xlsx., or rtf. formats. OTHER FORMATS ARE NOT ACCEPTABLE, will not be reviewed or graded.Please note that hand-written and scanned works, pdf. files, jpg. files, as well as files posted in google drive, will not be accepted or graded.The paper should be written in APA style Research Paper format.Please note that Use of APA Citation Methodology is required for all parts of the assignmentWritten projects must be:typed, double-spaced, in 12-point Times New Roman or Arial font, with margins no wider than one inchhave footnotes or endnotes, with correct citationshave a bibliography of sources usedinclude, for each entry, the author, title, city and state of publisher, publisher's name, year, and page numbersprepared using word processing software (Microsoft Word preferred), in a manner similar to the preparation of a written assignment for classroom submissionDATA EXERCISE #2Consists of three partsPart 1: The Unemployment Rate (weight 30% of the assignment grade)Complete the following exerciseVisit the Bureau of Labor Statistics Web Site, www.bls.gov/news.release/empsit.toc.htm (http://www.bls.gov/news.release/empsit.toc.htm). Select Employment Situation Summary.Write a report (1 - 2 pages double spaced) to answer the questions:What month (and year) is summarized? What was the unemployment rate for that month? How does that rate compare with the rate in the previous month?What were the unemployment rates for adult women, teenagers, blacks, Hispanics, and whites? How did these rates compare with those a month earlier?What factors make it difficult to determine the unemployment rate?Why is unemployment an economic problem?What are the noneconomic effects of unemployment?Who loses from unemployment?Please analyze and discuss the significance of the data that you received for this Data exercise. Reflect on what you have learned from this exercise.Part 2: The Inflation Rate (weight 30% of the assignment grade)Complete the following exercise:Visit the Bureau of Labor Statistics Web Site,www.bls.gov/news.release/cpi.toc.htm (http://www.bls.gov/news.release/cpi.toc.htm). Select Consumer Price Index Summary.Write a report (1 - 2 pages double spaced) to answer the questions:What month (and year) is summarized? What was CPIU for that month?What was the rate of inflation (percentage change in the CPIU) for the month? How does that rate of inflation compare with the rate in the previous month?Which two categories of goods or services had the greatest price increase for the month?Which two categories of goods or services had the lowest price increase (or greatest price decrease) for the month?Who loses from inflation?Please analyze and discuss the significance of the data that you received for this Data exercise. Reflect on what you have learned from this exercise.Part 3: Unemployment Data by Labor Force Groups and Duration (40% of the project grade) Go to HYPERLINK "https://www.gpo.gov/fdsys/browse/collection.action..." https://www.gpo.gov/fdsys/browse/collection.action...the home page of the Economic Report of the President.Scroll down and download individual tables as ExcelFind unemployment data (Table B–12.—Civilian unemployment rate) for each year 2000 to present. Use four labor force groups: males, and females, in each case 16 to 19 years of age, versus 20 years of age or over.Present the result in your project as a table.Create one or more charts.Use the Economic Report of the President (Table B–13.—Unemployment by duration and reason) to find data on the duration of unemployment for each year 2000 to present. Present the result in your project as a table.Create one or more charts.Write a report (1 - 2 pages double-spaced) about the results you received.In this paper consider, but do not be limited to the following:Which years had the highest and lowest unemployment rates? How do the rates compare among these groups?Compare the distribution of unemployment by duration over these years. Which years had the highest and lowest unemployment duration? What relationship, if any, do you find?Demographic studies show that the proportion of teenagers and minorities in the U.S. population is likely to increase in the near future. In your opinion, what implications, if any, will this trend have on the natural rate of unemployment.Please analyze and discuss the significance of the data that you received for this Data exercise. Reflect on what you have learned from this exercise.

Note: All sources must have a URLI will do the voice and clean up to content so this should only be a Semi-finished power point with notes.No need for background, animation or graphicsCompetencyExplain and demonstrate knowledge of concepts including the supply/demand relationship, price ceilings and floors, and market surpluses and shortages.Course ScenarioOil Company X is a large oil refinery which has been expanding and taking on new investment projects. Recently, they have considered building a pipeline that stretches across the United States, from Canada to New Orleans.The Board is considering a proposal to increase their oil stores to better prepare for events that impact the market price of oil. They have asked you, as a member of the Cost Department, to determine events that effect the price of oil. They have requested a report explaining the various effects of these events on equilibrium price and quantity.InstructionsAs a cost analyst at your firm, you are asked to evaluate the effects that the following scenarios will have on the supply and demand of oil in the oil market. You will submit a PowerPoint document with any relevant graphs, including a narration of the shift changes as if you were explaining them to the Board.Using the drawing tools in PowerPoint, graph the changes to the supply and demand curves in response to the following events:Regulations are passed which restrict drilling in many areas of the U.S. to preserve protected areas.The U.S. has a large increase in birth rate and population.A recession occurs.There is an increase in availability of affordable, alternative energy sources.***Only one curve (supply or demand) will shift for each of these events.***Be sure to provide an explanation in the note to justify why the supply and/or demand curve would shift, the direction of the shift, and the new resulting equilibrium price and equilibrium quantity. Remember that you do not need to include actual figures, but rather explain if the price and quantity would be increasing or decreasing. You can use the drawing tools within PowerPoint to draw your graphs. Also, be sure to include the change in the resulting equilibrium price and equilibrium quantity if any curve shifts occur.Format your PowerPoint to include a title page, introduction, body slides, conclusion, and references. Remember to cite your sources using correct APA format, and also use correct grammar, spelling, and formatting.

Questions answered in the peer review.If the economy were close to high potential output, would policymakers present their policy prescriptions to increase real output any differently than if the economy were far from potential output? Why?Have the poor benefited more or less from economic growth than the rich?Your Task: Read the posting of your colleagues to further the discussion. Simply saying "I agree, great point, etc" is not a sufficient peer review. You must discuss your peer's argument with detailed evidence (include citations). (minimum of 100 words)Please note! Friendly greetings and compliments are not included in the word count.Discussions and responses must show evidence of knowledge of facts pertaining to the issues being discussed and must attempt to apply the economic terms, ideas, and theories.