Instructions: Complete the following exercise
Visit 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.
Please note that using the data from previously published releases and summaries will produce grade zero for this part of the project.
Write a report (1 – 2 pages double spaced) in your own words 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.