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DATA EXERCISE #2 Please note that Use of APA Citation Methodology is required for all parts of the assignment Consists of three parts Part 1: The

Are you available to assist me with this project? Must be from scratch. Please let me know.

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DATA EXERCISE #2
Please note that Use of APA Citation Methodology is required for all parts of the assignment
Consists of three parts
Part 1: The Unemployment Rate (weight 30% of the assignment grade)
Complete the following exercise
Visit the Bureau of Labor Statistics Web Site,
www.bls.gov/news.release/empsit.toc.htm
. Select Employment Situation Summary.
Write a report (1-2 pages double – spaced) 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?
Part 2: The Inflation Rate (weight 30% of the assignment grade)
Complete the following exercise:
Visit the Bureau of Labor Statistics Web Site,
www.bls.gov/news.release/cpi.toc.htm
. Select Consumer Price Index Summary.
Write a report (1-2 pages double – spaced) to answer the questions:
1.
What month (and year) is summarized? What was CPI-U for that month?
2.
What was the rate of inflation (percentage change in the CPI-U) for the month? How
does that rate of inflation compare with the rate in the previous month?
3.
Which two categories of goods or services had the greatest price increase for the month?
4.
Which two categories of goods or services had the lowest price increase (or greatest
price decrease) for the month?
5.
Who loses from inflation?
Part 3: Unemployment Data by Labor Force Groups and Duration (40% of the project grade)
Go to https://www.whitehouse.gov/administration/eop/cea/economic-report-of-the-President/2015
– the home page of
the Economic Report of the President
.
Scroll down and Click on the link
download individual tables as Excel
This link is located below Appendix B: Statistical Tables Relating to Income, Employment, and Production.
a. Find unemployment data (Table B–12.—Civilian unemployment rate) for the following four years
1995, 2000, 2005, and the last available year. Use four labor force groups: males, and females, in each
case 16 to 19 years of age, versus 20 years of age or over. Present the result in your project as a table.
b. Use the Economic Report of the President (Table B–13.—Unemployment by duration and reason) to
find data on the duration of unemployment in 1995, 2000, 2005, and the last available year. Present the
result in your project as a table.
Write a report (1-2 pages double-spaced) about the results you received.
In this paper consider, but do not be limited to the following:

View the Answer

1.
Compare the distribution of unemployment by duration over these years. What
relationship, if any, do you find?
2.
Starting in the early 1990s many U.S. firms downsized their operations. In your opinion,
how did this affect the duration of unemployment?
3.
Demographic studies show that the proportion of teenagers and minorities in the U.S.
population is likely to increase in the near future. In your opinion, what implications, if any, will this trend
have on thenatural rate of unemployment?
Grading Rubric for the Data Exercise #2
DATA EXERCISE
#2
Part 1: The
Unemployment
Rate (30% of the
assignment grade)
Virtually no
effort to
complete part
1 of the
exercise; not
worthy of
credit.
Only a
superficial
effort to
complete part
1 of the
exercise.
The project
contains some
data for the
unemployment
rate, but the
analysis should be
considerably more
developed
Good effort is
made to present
and analyze the
data in the
unemployment
rate.
Excellent and very
thorough
development and
articulation in
presenting and
analyzing the data in
the unemployment
rate.
Part 2: The
Inflation Rate
(30% of the
assignment grade)
Virtually no
effort to
complete part
2 of the
exercise; not
worthy of
credit.
Only a
superficial
effort to
complete part
2 of the
exercise.
The project
contains some
data for the
inflation rate, but
the analysis
should be
considerably more
developed
Good effort is
made to present
and analyze the
data in the
inflation rate.
Excellent and very
thorough
development and
articulation in
presenting and
analyzing the data in
for the inflation rate.
Part 3:
Unemployment
Data by Labor
Force Groups and
Duration (40% of
the assignment
grade)
Virtually no
effort to
complete part
3 of the
exercise; not
worthy of
credit.
Only a
superficial
effort to
complete part
3 of the
exercise.
The project
contains required
data for
Unemployment by
Labor Force
Groups and
Duration, but the
analysis should be
considerably more
developed
Very good effort
in collecting
Unemployment
Data by Labor
Force Groups and
Duration, and
analyzing the
results
Excellent and very
thorough
development and
articulation in
presenting and
analyzing the data
Unemployment Data
by Labor Force
Groups and Duration

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