The data of unemployment is given below: - Employed population is 42.5million - Participation rate is 65% - Labor force is 50million Note: You are asked to find: a) Unemployment rate? b) Population out of labor force?
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1) The data of
- Employed population is 42.5million
- Participation rate is 65%
- Labor force is 50million
Note: You are asked to find:
a) Unemployment rate?
b) Population out of labor force?
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Solved in 2 steps
- Using the above data, what is the unemployment rate? These data are U.S. statistics from 2010. How does it compare to the February 2015 unemployment rate computed earlier?Question 2Explain each of the four types of unemployment. Explain how Statistics Canada measures the actual unemployment rate for Canada for a given year. Why does every economy have a natural rate of unemployment (NRU)? Can the actual unemployment rate measured by Statistics Canada be greater or lesser than the NRU? If so why?1) The data of unemployment is given below: - Employed population is 42.5million - Participation rate is 65% - Labor force is 50million Note: You are asked to find: a) Unemployment rate? b) Working-age population?
- The data of unemployment is given below: a) Unemployed population is 5.5million b) Participation rate is 65% c) Working-age population is 40million Note: You are asked to find: * Labor force? * Unemployment rate? * Population out of labor force? * Employed population?Describe in detail the household survey of unemployment and, in the context of the survey, explain what is meant the terms below and give the number or rate of each based on the table below for the following dates-- December 2007; June 2009; and February 2020, Arpil 2020, May 2020, and January 2021: the unemployment rate the labor force participation rate if the answer for '2' in December 2007 were the same as in February 2020 and the number of employed in February 2020 remained the same at 158,759,000, how many people would be unemployed in February 2020 and what, therefore, would the unemployment rate be in February 2020? December 2007 June 2009 February 2020 April 2020 May 2020 January 2021 Civilian noninstitutional population >16 233,290,000 235,695,000 259,835,000 260,045,000 260,197,000 260,849,000 Civilian labor force 153,918,000 154,730,000 165,546,000 137,224,000 156,481,000 160,161,000 Employed…1) What is unemployment? How to measure unemployment? How can adult population be classified? What types of unemployment? What costs of unemployment?
- Supoose 550 people were surveyed and of those 550, 450 were working full time. of the 100 ot working, 20 were full time collge students, 30 were retired, 10 were under 16 years of age, 15 had stopped looking for work because they believe there were no jobs for them and 25 were actively looking for work. 1. How many of the 550 surveyed are in the labour force? 2. what is the unemployment rate among the 550 sruveyed people?2. Describe the natural rate of unemploymentDiscuss 3 major contributing factors for high unemployment rate in a named society?
- Year 2010 2011 2012 2013 2014 2015 Economic growth (%) 2.7 1.7 1.3 2.7 2.5 1.9 Unemployment (%) 9.6 8.9 8.1 7.4 6.2 5.3 Examine the data on the economic growth and unemployment rate for 2010-2015 a. What trends do you observe in the unemployment rate? In economic growth? b. Identify the relationship between Economic Growth and Unemployment, if any. (positive, negative, no relationship) Use the data to justify your choice. c. Does the relationship observed in part 2 satisfy the economists' view of the relationship between economic growth and unemployment? Use references to support your answer.Macroeconomics For a country in a given year, it applies that (the figures are given in thousands) The population of working age (15-74 years) 21 540 The labor force 15 510 Eemployed 13 959 What is the relative unemployment rate. Give the answer in percent rounded to one decimal.Question 2 Look at the table below reporting unemployment data about the population of SuperbCity in 2001, 2011, 2021. What is the size of the labour force in 2001, 2011, 2021? How many were officially unemployed in 2001, 2011, 2021?
