987,156 Currently Working 9845 (ages 13-14) looking for work 23,000 volunteer workers 12,000 (ages 15) looking for work 56 family workers who worked | 15 hrs a week 6543 Discouraged Workers 67,890 laid off receptionists looking for work 45,600 Part-Time workers 234 Self-Employed 67,432 (ages 23-25) looking for work 544,321 (ages 16-20) looking for work | Current population is 5654 Temp Workers 543 recent university graduates that are going back to graduate school 6,000,000 5000 armed forces | 3500 institutionalized
987,156 Currently Working 9845 (ages 13-14) looking for work 23,000 volunteer workers 12,000 (ages 15) looking for work 56 family workers who worked | 15 hrs a week 6543 Discouraged Workers 67,890 laid off receptionists looking for work 45,600 Part-Time workers 234 Self-Employed 67,432 (ages 23-25) looking for work 544,321 (ages 16-20) looking for work | Current population is 5654 Temp Workers 543 recent university graduates that are going back to graduate school 6,000,000 5000 armed forces | 3500 institutionalized
Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter8: Economic Fluctuations, Unemployment, And Inflation
Section: Chapter Questions
Problem 3CQ
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Question
Calculate the following
1.The Labour Force Participation rate
2.The “official”
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