Between 2008 and 2009, total Canadian employment increased by 277,000 workers, but the number of unemployed workers increased by 400,000. Which of the following statements are consistent with this finding? Check all that apply. O. The labour force increased. O. The labour force decreased. O. The number of discouraged workers increased. O. The adult population decreased.
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Between 2008 and 2009, total Canadian employment increased by 277,000 workers, but the number of
O. The labour force increased.
O. The labour force decreased.
O. The number of discouraged workers increased.
O. The adult population decreased.
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- Between January 2010 and January 2016 us employment increased by 12.1 million workers but the number of unemployed workers declined by only 7.3 million how are these numbers consistent with each otherIn a given community, the unemployment rate is 5% and their working-age population is 4 Million. Labor force participation was 82% in this community in December of 2009. In January 2010 a new social security policy was implemented, allowing people to retire and collect their social security benefits earlier than expected. 200 thousand older workers retired at the end of January due to the new policy. Further, 2000 senior citizens that were out of the labor force(in December) started collecting their social security retirement benefits in January due to their past contributions. What is the Unemployment rate in February assuming everything else was fixed at their December values? ( Please round your answer to include 2 decimal places, do not include the percent sign in the answer. That is, If you find 8.33333% is the new unemployment rate, input your answer as 8.33)Indicate whether the following people are employed, unemployed or not in the labor force. Explain. An Air-Force officer stationed in Colorado Springs, CO A consultant who works out of her home for a medical group A full-time student who does not work A new college graduate looking for work A stay-at-home dad A waiter in Detroit who is laid off as a result of the recession A retired grandfather
- An economy has 100 people divided among the following groups: 25 have full-time jobs, 20 have one part-time job, 5 have two part-time jobs, 10 would like to work and are looking for jobs, 10 would like to work but are so discouraged they have given up looking, 10 are running their own businesses, 10 are retired, and 10 are small children. Calculate the labor force and the labor-force participation rate. Calculate the number of unemployed and the unemployment rate. Calculate total employment in two ways: as measured by the household survey and as measured by the establishment survey.Suppose there are 4,750 people in the labor force. 420 workers are employed full time but were unemployed last month. Additionally, 198 workers had jobs last month but were laid off and have not found work yet. 124 workers lack skills that employers desire and have not been working for months; they are looking for jobs, though. 159 people are not working due to an overall decline in the economy and 194 workers are not working during this season. 188 workers quit their job and have not found a new one yet. Finally, 830 workers are working part time but would like full time work. Based on this information, calculate the natural unemployment rate. Hint: Again, there are no discouraged workers in this example; all unemployed workers are looking for work. Answer this as a percentage and round your answer to two digits after the decimal without the percentage sign. ex. If you found the rate to be 5.125%, answer 5.13. Be careful, the information presented here looks similar to a previous…Suppose that the unemployment rate is 10%, the total working age population is 100 million, and the number of unemployed is 7.5 million. Determine the labor force
- Suppose that the unemployment rate is 10%, the total working age population is 100 million, and the number of unemployed is 7.5 million. Determine the number of employed workersEconomists use labor-market data to evaluate how well an economy is using its most valuable resource—its people. Two closely watched statistics are the unemployment rate and the employment–population ratio (calculated as the percentage of the adult population that is employed). Indicate what happens to the unemployment rate and the employment–population ratio in each of the following scenarios. Scenario Effect On... Unemployment Rate Employment–Population Ratio An auto company goes bankrupt and lays off its workers, who immediately start looking for new jobs. After an unsuccessful search, some laid-off workers quit looking for new jobs. Numerous students graduate from college and immediately begin new jobs. Advances in health care prolong the lives of many retirees.According to the Bureau of Labor Statistics: "Total nonfarm payroll employment increased by 263,000 in September, and the unemployment rate edged down to 3.5 percent, the U.S. Bureau of Labor Statistics reported today. Notablejob gains occurred in leisure and hospitality and in health care.The unemployment rate edged down to 3.5 percent in September, returning to its July level.The number of unemployed persons edged down to 5.8 million in September.Among the major worker groups, the unemployment rate for Hispanics decreased to 3.8 percentin September. The jobless rates for adult men (3.3 percent), adult women (3.1 percent),teenagers (11.4 percent), Whites (3.1 percent), Blacks (5.8 percent), and Asians (2.5percent) showed little change over the month.Among the unemployed, the number of permanent job losers decreased by 173,000 to 1.2million in September. The number of persons on temporary layoff changed little at 758,000.The number of long-term unemployed (those jobless for 27 weeks or…
- Ahmed has just graduated with a PhD degree in refinery product optimization. He is currently residing in the Eastern Province looking for a job in the refining industry. He is structurally unemployed He is frictionallly unemployed He is cyclically and structurally unemployed He is frictionally and structurally unemployed QUESTION 7 A country has a labor force of 1,000,000 and 50,000 of discouraged workers. The unemployment rate is 10%. If the number of discouraged workers increases to 100,000, then the new unemployment rate is 10% 10.53% 5% 5.26%The adult population is divided into three groups: employed, unemployed, not in the labor force. The latest TUIK labor force statistics for October 2023 show that the largest group is Not in the labor force Retired Unemployed EmployedSuppose the 2010 population census in Ghana indicated that there are 120,000 people in the country. 20,000 are children, 18000 are in retirement. 72,000 have jobs and 8,000 are unemployed persons and 2,000 are discouraged, workers. Answers the following questions: a. Compute the Total Labor Force b. Compute the Labour Force Participation Rate c. Compute the unemployment rate I need answers for d and e d. A decrease in the unemployment rate is not necessarily a sign of an improvement in an economy. Explain e. An economist has stated that Ghana's unemployment rate is too high so the government should strive for a zero unemployment rate. Do you agree or disagree with the statement and why?