Two paragraphs compare and contrast the unemployment rate and labor force participation in the US, California,

July 23, 2023July 23, 2023 Discipline: Economics

analyze the unemployment rate and labor force participation rate in the United States.

Log on to https://www.bls.gov/Links to an external site. or https://fred.stlouisfed.org/Links to an external site. to use as a data source for this activity. 

1. Determine the unemployment rate and labor force participation rate in the United States. Post a screenshot of both graphs in your document.

2. Determine the unemployment rate and labor force participation rate for California. Post a screenshot of both graphs in your document.

3. Determine the unemployment rate and labor force participation rate for San Bernardino or Riverside county. The labor force participation rate is not available at either dataset so you can report the Civilian Labor Force statistics or you can use a different source for the labor force participation rate. Post a screenshot of both graphs in your document.

4. In two paragraphs compare and contrast the unemployment rate and labor force participation in the US, California, and your chosen county and address some of the following questions. Why might the unemployment rate differ? What kind of unemployment (of our three types) should we worry most about here in the Inland Empire? Why? In the past year, how has COVID-19  impacted our unemployment rate and labor force participation rate?

Please submit your answer in a PDF or DOCX document.

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