Let’s assume that a country in the Caribbean reports the following labour statistical data to its citizen in 2011. Labour force: 140,200 Individuals under 16 years: 12,400 Employment: 132,700 Imprisonment: 980 Working age population: 210,900 Armed forces: 18,600 Use the information given to calculate the following: (a) Unemployment rate (b) Labour force participation rate

Question

Let’s assume that a country in the Caribbean reports the following labour statistical data to its citizen in 2011.

Labour force: 140,200

Individuals under 16 years: 12,400

Employment: 132,700

Imprisonment: 980

Working age population: 210,900

Armed forces: 18,600

Use the information given to calculate the following:

(a) Unemployment rate

(b) Labour force participation rate

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