Question

section 4.4 data tables with percentages
objective 1 - interpret percentage points
objective 2 - use two - way tables
objective 1 - interpret percentage points
guided practice activity #8 - the employment situation november 2018
the bureau of labor statistics publishes a monthly employment situation report. for november
2018⁴ we have the following data:
summary table a. household data, seasonally adjusted
(numbers in thousands)

the following table gives unemployment rates by education level:

what was the unemployment rate for those with a high school diploma in november
2017?

Explanation:

Step1: Analyze the relationship between November 2018 and November 2017 unemployment rates for high - school diploma holders

We know that the formula for the 1 - year change in unemployment rate is \( \text{Unemployment rate in Nov }2018-\text{Unemployment rate in Nov }2017=\text{1 - year change}\). Let \(x\) be the unemployment rate in November 2017 for high - school diploma holders.
The unemployment rate in November 2018 for high - school diploma holders is \(3.5\%\), and the 1 - year change is \(- 0.8\) percentage points.

Step2: Set up and solve the equation

Using the formula \(3.5 - x=-0.8\).
To solve for \(x\), we can rewrite the equation as \(x = 3.5+0.8\).

Answer:

\(4.3\%\)