Between 2001 and 2014, by how much did (A) the labor force change? (B) unemployment change? (C) employment change? Context: (in thousands) Year 2001- total population:285,545 Labor force: 143,734 Unemployment: 6,801 Year 2014- Total population: 318,563 Labor Force: 155,922 Unemployment: 9,617

Principles of Economics 2e
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Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter21: Unemployment
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Problem 30CTQ: Using the definition of the unemployment rate, is an increase in the unemployment rate necessarily a...
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Between 2001 and 2014, by how much did (A) the labor force change? (B) unemployment change? (C) employment change? Context: (in thousands) Year 2001- total population:285,545 Labor force: 143,734 Unemployment: 6,801 Year 2014- Total population: 318,563 Labor Force: 155,922 Unemployment: 9,617
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Step 1

Given:-

Data for 2001 and 2014

To determine:-

Labor force change, unemployment change and employment change=?

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