DATA EXERCISE #2

Please note that Use of APA Citation Methodology is required for all parts of the assignment

Consists of three parts

Part 1: The Unemployment Rate (weight 30% of the assignment grade)

Complete the following exercise

Visit the Bureau of Labor Statistics Web Site,

www.bls.gov/news.release/empsit.toc.htm . Select Employment Situation Summary.

Write a report (1-2 pages double – spaced) to answer the questions:

1.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?

2.What were the unemployment rates for adult women, teenagers, blacks, Hispanics, and whites? How did these rates compare with those a month earlier?

3.What factors make it difficult to determine the unemployment rate?

4.Why is unemployment an economic problem?

5.What are the non-economic effects of unemployment?

6.Who loses from unemployment?

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