Collecting Using Describing Data Term Paper

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Decision Making Situations

One of the most critical issues that gripping our national debate today is the issue of unemployment and the subsequent concerns the rate of unemployment raises, regarding the U.S. economy's ability to fully recover. According to the Bureau of Labor and Statistics, the unemployment rate was 5.6% in January.

Unemployment rates for most major worker groups, including adult men (5.1%), adult women (5.0%), teenagers (16.7%), whites (4.9%), and blacks (10.5%) -- were little changed in January. The unemployment rate for Hispanics rose to 7.3% over the month, about the same rate as last fall. The unemployment rate for Asians was 5.2% in January, not seasonally adjusted.

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" (Unemployed situation summary, 2004).

The Government conducts a monthly sample survey called the Current Population Survey (CPS) to measure the extent of unemployment in the country. (FAQ, 2004) Thus the method of data compilation is not universal; rather it is a selection of individuals. People are deemed employed if they worked for pay during the surveyed week and were not ill, on vacation, or meeting other specific situations that locates them permanently out of the labor force. "Persons are classified as unemployed if they do….....

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