Data Exercise Economics Research Paper

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    DATA EXERCISE #2Consists 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 (http://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 (http://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 CPIU for that month?
    2. What was the rate of inflation (percentage change in the CPIU) 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 tohttps://www.gpo.gov/fdsys/browse/collection.action?collectionCode=ERP&browsePath=2017&isCollapsed=false&leafLevelBrowse=false&isDocumentResults=true&ycord=0
    the home page ofthe 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.
    1. Find unemployment data (Table B12.Civilian unemployment rate)for each year 2000 to present.Use four labor force groups: males and females in each case 16 to 19 years of age versus 20 years of age or over.
    a. Present the result in your project as a table.
    b. Create one or more charts.
    2. Use the Economic Report of the President (Table B13.Unemployment by duration and reason) to find data on the duration of unemploymentfor each year 2000 to present.
    a. Present the result in your project as a table.
    b. Create one or more charts.
    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:
    1. Which years had the highest and lowest unemployment rates? How do the rates compare among these groups?
    2. Compare the distribution of unemployment by duration over these years. Which years had the highest and lowest unemployment duration? What relationship if any do you find?
    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 the natural rate of unemployment?
    Attached is a full description of project as well as the rubric for a perfect score. Please follow the guidance.

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