IV. The Labour Force Participation rate.   (v) The “official” unemployment rate.    987,156 Currently Working | 23,000 volunteer workers   9845 (ages 13-14) looking for work |12,000(ages 15) looking for work   45,600 Part-Time workers| 56 family workers who worked 15 hrs a week   234 Self-Employed |6543 Discouraged Workers   67,432 (ages 23-25) looking for work| 67,890 laid off receptionists looking for work   544,321 (ages 16-20) looking for work |Current population is 6,000,000   5654 Temp Workers |5000 armed forces   543 recent university graduates that are going back to graduate school |3500 institutionalized

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter21: Unemployment
Section: Chapter Questions
Problem 16RQ: Assess whether the following would be counted as unemployed in the Current Employment Statistics...
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IV. The Labour Force Participation rate.

 

(v) The “official” unemployment rate. 

 

987,156 Currently Working | 23,000 volunteer workers

 

9845 (ages 13-14) looking for work |12,000(ages 15) looking for work

 

45,600 Part-Time workers| 56 family workers who worked 15 hrs a week

 

234 Self-Employed |6543 Discouraged Workers

 

67,432 (ages 23-25) looking for work| 67,890 laid off receptionists looking for work

 

544,321 (ages 16-20) looking for work |Current population is 6,000,000

 

5654 Temp Workers |5000 armed forces

 

543 recent university graduates that are going back to graduate school |3500 institutionalized

 

 

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