Please help me with this. Thanks! A country\'s labor force is the sum of the num

Question

Please help me with this. Thanks! A country's labor force is the sum of the number of employed and unemployed workers. The accompanying table provide data on the size of the labor force and the number of unemployed workers for different regions of the United States. Calculate the number of workers employed in each of the regions in April 2013 and April 2014. Use your answers to calculate the change In the total number of workers employed between April 2013 and April 2014. For each region, calculate the growth in the labor force from April 2013 to April 2014. Compute unemployment rates In the different region of tire country in April 2013 and April 2014. What can you infer about the fall in unemployment rates over this period? Was it caused by a net gain in the number of job or by a large fall In the number of people seeking Jobs?

Explanation / Answer

A) The number of employed in each region in April 2013 and April 2014 are as below:

From this we see that teh change in the number of total employed is 2331.4

b) For each region, the growth in labor force April 2013 to 2014 can be found as :

c) The unemployment rates in each region over these two years :

Apr-13

d) The decline in the unemployment rate can be attributed to the fact that there was an overall decline in the number of unemployed people in each of these regions. This can be confirmed from the numbers in the tables.

EMPLOYED Apr-13 Apr-14 26232.8 26507.6 52697.9 53652.6 31846.3 32358 33181.4 33771.6

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