Unemployment and Inflation Rates

Running head: DATA EXERCISE 1
DATA EXERCISE 2
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DATA EXERCISE 2
Part 1
Employment Rates
The summarized month is March 2019 with an employment rate of 3.8% and the number
of unemployed people at 6.2 million. The rate of unemployment of February 2019 was the same
as the current. This means that there was no difference in the number of unemployed people and
the unemployment rates in the country in the two consecutive months.
Among the major work groups in the country, unemployment rates were as follows: -
adult women (3.3%), teenagers (12.8%), whites (3.4%), Blacks (6.7%), Asians (3.1%) while
Hispanics (4.7%) (Employment Situation, 2019). In these rates, there was very little or no change
in March as compared to the previous month of February 2019. This means very little was done
on employment for the two months.
It is usually difficult to determine unemployment rates because there are individuals who
are forced to work part-time due to the reduction of their hours and hence are unable to find full-
time job placements. In this case, with the seasonal data adjustment, the part-time workers may
not be counted as unemployed when that particular counting time they are at work or employed
when during the counting time they are not working.
Unemployment is an economic problem in this case as it affects other industries that
provide a source of income to people of a country hence great loses by the government in
meeting their needs instead of investing in other sectors. These industries are also affected by
unemployment due to inadequate labor force. This leads to low productivity hence lowering a
nation’s Net Gross Domestic and its total output. Non-economic effects of unemployment
include poverty, insecurity, frustration to people, increased health problems among others. Once

DATA EXERCISE 3
unemployment occurs the major losers are the central government of the particular country to
which they belong.
In conclusion, it is important to keep monitoring and evaluating progress in key sectors
such as employment/unemployment. There are little efforts being undertaken to reduce the
unemployment rate of teenagers who hence increasing uncouth behavior in the society such as
robbery as youths struggle to earn income for their survival. High unemployment rate threatens a
nation’s security (Lorenzini & Giugni, 2011). There is also a remarkable focus on health services
in need of labor force. This reflects the number of people with health-related issues which in turn
may be emanating from the unemployment status of many. This calls for much more input to
curb and prevent this effect as the country’s economy lowers greatly in addressing the many
serious effects of people depending on them for survival due to unemployment. This data is
therefore critical as it shows where a country has been, where it is and where it is heading to in
ensuring the resilience of its people.
Part 2
The Inflation Rates
The summarized month is February 2019 with a CPI-U at 0.2% after being unchanged in
January. The inflation rate for the month was 75% (1.5/0.2*100 =75) for the previous 12 months.
This is lower compared to the 160% (1.6/0.1*100 = 160) rise in the previous month of January
(all items index).
The great price increase of the month was by food (at home and away from home) and
services less energy (services, shelter, transportation, and medical care services). On the other