For this assignment you will graph and evaluate three labor market measures for prime aged workers based on data retrieved directly from the Bureau of Labor Statistics.
Go to the Bureau of Labor Statistics web page, BLS.gov (Links to an external site.). Click on the tab for Data Tools and from the pull-down menu select Data Retrieval Tools. At the top of the page titled Databases, Tables & Calculators by Subject, click unemployment. From the unemployment database options, choose the Labor Force Statistics including the National Unemployment Rate – One Screen Data Search (you should select a green icon with a magnifying glass).
Using this search tool, find the seasonally adjusted monthly labor force participation rate, the unemployment rate, and the employment-population ratio for prime age workers (ages 25 to 54) of both sexes (combined) and all races and origins (combined) for the period from 1990 to 2020.
The data loads in a new tab. There you will need to adjust the output years back to the year 1990.
Upload a graph of each labor force statistic for the period indicated. Your graph should be a line graph with year on the x-axis and the measure on the y-axis; you may use the graphs created on the BLS data page if you wish or download the data and make your own graph in excel.
For each measure write a short paragraph using complete sentences; define the labor force participation rate, employment-population ratio, and unemployment rate, explain why they are interesting as market indicators, and describe the trends you see in the data.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more