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  3. 4 the following table provides information on the civilian noninstitutional...

Question: 4 the following table provides information on the civilian noninstitutional...

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4. The following table provides information on the civilian non-institutional population (CNIP), the labor force (LF), and the number of unemployed persons for select years between 2006 and 2016. All values are in thousands of people at the end of each year.

Year

CNIP

LF

LFP

# unemployed

UR

2006

230

152.7

66%

7.1

4.6%

2009

236.9

153.1

65%

15.1

9.9%

2018

258.9

163.2

63%

6.3

3.9%

b. The US experienced a severe economic downturn in 2008-09 that resulted in high unemployment. Looking at both unemployment and labor force participation, how do the levels in 2017 compare to those in the pre-recession year of 2006?

CNIP = Civilian non-institutional Population

LF = Labor Force

LFP = Labor Force Participation: labor force/CNIP * 100

UR = Unemployment Rate: # of non-working that looked for jobs in past month/labor force *100

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