The Data Exercise must be posted to the LEO Student Assignments as a Attachments are limited to a maximum two files in doc, docx., xls. xlsx., or rtf formats. OTHER FORMATS ARE NOT ACCEPTABLE, and

DATA EXERCISE #2 Format of the Project: The Data Exercise must be posted to the LEO Student Assignments as a Attachments are limited to a maximum two files in doc, docx., xls. xlsx., or rtf formats. OTHER FORMATS ARE NOT ACCEPTABLE, and will not be reviewed or graded . Please note that hand -written and scanned works, pdf files, jpg files, as well as files posted in google drive, will not be accepted or graded . The paper should be written in APA style Research Paper format. Please note that Use of APA Citation Methodology is required for all parts of the assignment Written projects must be: 1. typed, double -spaced, in 12 -point Times New Roman or Arial font, with margins no wider than one inch 2. for each part have footnotes or endnotes, with correct citation s 3. have a bibliography of sources used 4. include, for each entry, the author, title, city and state of publisher, publisher's name, year, and page numbers 5. prepared using word processing software (Microsoft Word preferred . Do not use Pages ), in a manner simila r to the preparation of a written assignment for classroom submission DATA EXERCISE #2 Consists of three parts Part 1: The Unemployment Rate (weight 30% of the assignment grade) Complete the following exercise Visit the Bureau of Labor Statistics Web Sit e, www.bls.gov/news.release/empsit.toc.htm Select > Employment Situation Summary. Write a report (1 - 2 pages double spaced) to answer the questions: 1. What month (and year) is summarized? What was the unemployment rate for that month? How does that rate compare with the rate in the previous month? 2. What were the unemployment rates for adult women, teenagers, blacks, Hispanics, and whites? H ow did these rates compare with those a month earlier? 3. What factors make it difficult to determine the unemployment rate? 4. Discuss wh y unemployment is an economic problem. How does unemployment impact or influence the aggregate demand curve. 5. What are the noneconomic effects of unemployment? 6. Who loses from unemployment? 7. Labor is one of the four factors of production, how does the utilization of labor effect the production possibility frontier? 8. Go to Employment Situation Frequently Asked Questions (3rd bullet at the bottom of the Employment Situation Summary) and summarize any 3 of the 8 questions. Part 2: The Inflation Rate (weight 30% of the assignment grade) Complete the following exercise: Visit the Bureau of Labor Statistics Web Site, www.bls.gov/news.release/cpi.toc.htm (http://www.bls.gov/news.release/cpi.toc.htm). Select > Consumer Price Index Summary. Write a report (1 - 2 pages double spaced) to answer the questi ons: 1. What month (and year) is summarized? What was CPIU for that month? 2. What was the rate of inflation ( percentage change in the CPIU) for the month? How does that rate of inflation compare with the rate in the previous month? 3. Which two categories of goods or services had the greatest price increase for the month? 4. Which two categories of goods or services had the lowest price increase (or greatest price decrease) for the month? 5. Who loses from inflation? Be specific. Why do they lose? 6. Project out what you th ink the inflation rate for 2019 will be, and briefly discuss your reasoning. Part 3: Unemployment Data by Labor Force Groups and Duration (40% of the project grade) Go to the home page of the Economic Report of the President . https://www.gpo.gov/fdsys/browse/collection.action?collectionCode=ERP&browsePath= 2018& isCollapsed=false&leafLevelBrowse=false&isDocumentResults=true&ycord=0 Scroll down to Appendices and see Appendix B 1. Find unemployment data ( Table B –12 .— Civilian unemployment rate . Click > XLS ) for each year 201 0 to present. Use four labor force groups: males, and females, in each case 16 to 19 years of age, versus 20 years of age or over. a. Present the result in your project as a table . b. Create one or more charts . 2. Use the Economic Report of the President ( Table B –13 .— Unemployme nt by duration and reason . Click > XLS ) to find data on the duration of unemployment for each year 2000 to present. a. Present the result in your project as a table . b. Create one or more charts . Write a report (1 - 2 pages double -spaced) about the results you r eceived. In this paper consider, but do not be limited to the following: 1. Which years had the highest and lowest unemployment rates? How do the rates compare among these groups? What factors account for high and low unemployment? 2. Compare the distribution of unemployment by duration over these years. Which years had the highest and lowest unemployment duration? What relationship, if any, do you find? 3. Demographic studies show that the proportion of teenagers and minorities in the U.S. population is likely to i ncrease in the near future. In your opinion, what implications, if any, will this trend have on the natural rate of unemployment (NARU). 4. Full employment corresponds to the NARU measured as the sum of frictional, structural, and institutionally induced unemployment. True or False , and explain your answer. Please reflect on what you have learned from this assignment. Grading rubric: scroll down to next page.