Visit the Bureau of Labor Statistics Web Site, (http://www.bls.gov/news.release/empsit.toc.htm). Select Employment Situation Summary.
Write a report (1 – 2 pages double spaced) in your own words 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 noneconomic effects of unemployment?
6. Who loses from unemployment?
7. Please analyze and discuss the significance of the data that you received for this Data exercise.
8. Reflect on what you have learned from this exercise.
Tag: The unemployment rate
The unemployment rate.
For this final report assignment, you can use the same industry you selected for the Week 3 assignment, or you can select another industry.
Prepare a 2–3 page final report in which you examine one of the macroeconomic variables below:
Real Gross Domestic Product (GDP).
The unemployment rate.
The inflation rate.
Instructions
Choose an industry that interests you. (Remember, an industry is not a company. An industry is a group of companies doing the same thing. Ford is a company. Automobile manufacturing is an industry.)
Do research on your industry. In a few short paragraphs, describe your selected industry.
Be sure to write in your own words.
Identify the goods and/or services the industry provides.
Identify some of the major companies in this industry.
Add anything else about the industry that you think is interesting.
Keep track of your sources by copying their Internet addresses (URLs). You can paste these URLs at the end of your paper as your references.
Select one of three macroeconomic variables (real GDP, the unemployment rate, or the inflation rate) that a businessperson in your chosen industry should monitor, and explain why that variable is important and how it might have an impact on your selected industry.
Describe in a sentence or two the important movements of the variable in the table and graph.
Excel tables and graphs are attached for each of the three macroeconomic variables (real GDP, the unemployment rate, and the inflation rate).
Review the Excel table and graph for the macroeconomic variable that you chose.
Summarize how you think this industry will perform in the future.