The Bureau of Labor Statistics (BLS) will release the Employment Situation for January 2012 on February 3, 2012. Go the BLS web site get this news release and complete the following:
a. Show the calculation of the unemployment rate for the Total Civilian Non-institutional Population for January 2012. (FYI - This is the headline unemployment and the BLS refers to this the U-3 unemployment rate)
b. What percent of the unemployed have been unemployed 27 week or more?
c. Define the U-4, U-5 and U-6 unemployment measures. What are the respective unemployment rates