Unemployment rate is the total amount of able-bodied population expressed as relative quantity. The level itself is calculated as follows. Every month Bureau of Labor Statistics of the U.S. Department of Labor conducts survey of 60 000 households and more than 375 000 enterprises - the establishment survey. Fundamentals of surveys include such statistical data as:
For Household survey: age, sex, marital status, employment status.
For the Establishment survey: average weekwork, average hour earnings, wages.
Calculation of PTV ( Price-Time Radius Vector) on traditional price-time chart is the application of the Pythagorean proposition studied in senior school on classes of geometry. It states that squares on the legs of a right triangle add up to the square on the hypotenuse. In our case, legs are price and time, hypotenuse is PTV (Price-Time Radius Vector).
Unemployment rate is the total amount of able-bodied population expressed as relative quantity. The level itself is calculated as follows. Every month Bureau of Labor Statistics of the U.S. Department of Labor conducts survey of 60 000 households and more than 375 000 enterprises - the establishment survey. Fundamentals of surveys include such statistical data as:
For Household survey: age, sex, marital status, employment status.
For the Establishment survey: average weekwork, average hour earnings, wages.
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