past labour force survey conducted by the ABS: Labour force: 12,092,000 Employment: 11,457,000 Working-age population: 18,462,000 Using the above data appropriately calculate the following: i. Unemployment rate. ii. Labour force participation rate. iii. Employment-to-
past labour force survey conducted by the ABS: Labour force: 12,092,000 Employment: 11,457,000 Working-age population: 18,462,000 Using the above data appropriately calculate the following: i. Unemployment rate. ii. Labour force participation rate. iii. Employment-to-
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 7CQ
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Question
The following data was extracted from a past labour force survey conducted by the ABS:
Labour force: 12,092,000
Employment: 11,457,000
Working-age population: 18,462,000
Using the above data appropriately calculate the following:
i.
ii. Labour force participation rate.
iii. Employment-to-population ratio.
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