Economics

Economics

Go to the Bureau of Labor Statistics website: www.bls.gov/news.release/empsit.toc.htm
Click on “Employment Situation Summary” to get the most up-to-date summary of unemployment in the U.S. or the “Employment Situation Summary Table A. Household data, seasonally adjusted.”
ANSWER THE FOLLOWING QUESTIONS:
1. How does that rate compare with the rate in the previous month or quarter?
2. What does the level of unemployment tell you about the state of the economy?
3. Discuss the differences in unemployment rates by gender, age, education, etc.
4. Consider both the current Unemployment and GDP growth rates for the U.S. economy; what do the two numbers tell you about the state of the economy?
5. Where would you find data on Consumer Price Index (CPI) and Producer Price Index (PPI) for the U.S.?
6. What does the current level of inflation tell you about the state of the U.S. economy?