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How do the Bureau of Labor Statistics and the Bureau of the Census estimate U.S. unemployment each month?
A) They contact each state's unemployment office and gather data on new claims for unemployment.
B) They randomly survey about 60,000 U.S. households to determine how many people are in the labor force, and what proportion of them is unemployed.
C) They track released prisoners. These agencies adjust released prisoner employment unemployment rate proxy (PURP).
D) None of the answers above are correct.
A) They contact each state's unemployment office and gather data on new claims for unemployment.
B) They randomly survey about 60,000 U.S. households to determine how many people are in the labor force, and what proportion of them is unemployed.
C) They track released prisoners. These agencies adjust released prisoner employment unemployment rate proxy (PURP).
D) None of the answers above are correct.
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The calculation of proportion of unemplo...
Economics for Today 9th Edition by Irvin Tucker
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