Employment population ratio

Reference no: EM131023424

[Calculating the employment-population ratio] Go to the Web site of the Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/).

a. Find the most recent values for these three variables: (1) Unemployed (UNEMPLOY), (2) Civilian Employment (CE16OV), and (3) Not in Labor Force (LNS15000000).

b. Using the values you found in part (a), calculate the working-age population (in thousands) and the employment- population ratio.

c. Holding all other factors constant, what would you expect to happen to the employment-population ratio if the economy entered a recession? Briefly explain.

Reference no: EM131023424

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