 | Economics 14/e McConnell | |||||
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| Economics 14/e McConnell | |||||
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8-13 Web-based Question
The Employment Situation—Write the News Release Visit the U.S. Department of Labor http://stats.bls.gov/news.release/empsit.toc.htm and look at the current employment situation summary for the latest month. Then rewrite the following paragraph. See also http://stats.bls.gov/cps_faq.htm for their FAQs (frequently asked questions). Employment (rose/fell/remained unchanged) and the unemployment rate edged (up/down/stayed unchanged) to (?) percent in the latest month. The jobless rate had (risen/ fallen/stayed unchanged) from (?) percent in (previous month) to (?) percent in (latest month). The number of payroll jobs (increased/decreased/ were unchanged) by (? thousand) in the latest month with widespread gains/losses in the (?) sector of the economy. Average weekly hours (declined/increased/unchanged) and average hourly earnings were (lower/higher/unchanged) over the month.
8-14 Web-based Question
Inflation and the "Official CPI" Each month BLS releases thousands of detailed CPI numbers to the press. However the press generally focuses on the broadest most comprehensive CPI called the official CPI. Go to the U.S. Department of Labor http://stats.bls.gov/cpifaq.htm CPI FAQs (frequently asked questions) page. Which index is the official CPI reported in the media? Look at http://stats.bls.gov/news.release/ cpi.toc.htm and find the current figures for the official CPI: (a) index level (for example July 1992 5 140.5); (b) 12-month percentage change (for example July 1991 to July 1992 5 3.2 percent); (c) 1-month percentage change on a seasonally adjusted basis (for example from June 1992 to July 1992 5 0.1 percent); and (d) the annual percentage rate of change so far this year.
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