Explain the unemployment rate and inflation rate for your lo

Explain the unemployment rate and inflation rate for your local area and compare it to the national average. Analyze how a discouraged worker will not be represented with the unemployment rate.

(APA formatting of info)

Solution

Consumer price index for all urban consumers as on December 2015 is 708.524.

Compared to the national average , the unemployment rate in Ames, Iowa, and Fargo, N.D.-Minn is 152.63 % times less than the national average.

The CPI for Ames, Iowa, and Fargo, N.D.-Minn is 218 % less than the national average .

. Discouraged workers are those who would like to work but find little hope of finding employment and have given up searching. Because they are not taking active steps to find job , they are considered \" not in the labor force\" . The unemployment rate excludes discourgaed workers but some economists feel that discouraged workers should be counted as unemployed.