Describe in detail the household survey of unemployment and, in the context of the survey, explain what is meant the terms below and give the number or rate of each based on the table below for the...


Describe in detail the household survey of unemployment and, in the context of the survey, explain what is meant the terms below and give the number or rate of each based on the table below for the following dates-- December 2007; June 2009; and February 2020, Arpil 2020, May 2020, and January 2021:



  1. the unemployment rate

  2. the labor force participation rate

  3. if the answer for '2' in December 2007 were the same as in February 2020 and the number of employed in February 2020 remained the same at 158,759,000,  how many people would be unemployed in February 2020 and what, therefore,  would the unemployment rate be in February 2020?

























































































December 2007



June 2009



February 2020



April 2020



May 2020



January 2021



Civilian noninstitutional population >16



233,290,000



235,695,000



259,835,000



260,045,000



260,197,000



260,849,000



   Civilian labor force



153,918,000



154,730,000



165,546,000



137,224,000



156,481,000



160,161,000



       Employed



146,273,000



140,003,000



158,759,000



133,403,000



137,224,000



150,031,000



       Unemployed















   Not in labor force















Unemployment Rate















Labor Force


Participation Rate















Employment-Population Ratio
















Jun 10, 2022
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