The Statistics Canada reported the data given in the table for February 2009. E Click the icon to view the table. Calculate the unemployment rate, the labour force participation rate, and the employment-to-population ratio. >>> Answer to 1 decimal place. The unemployment rate is percent. - X Data Table Item Labour force 18,315,200 Employment 16,899,400

The Statistics Canada reported the data given in the table for February 2009. E Click the icon to view the table. Calculate the unemployment rate, the labour force participation rate, and the employment-to-population ratio. >>> Answer to 1 decimal place. The unemployment rate is percent. - X Data Table Item Labour force 18,315,200 Employment 16,899,400

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter1: The Art And Science Of Economic Analysis

Section1.A: Appendix: Understanding Graphs

Problem 1AQ

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A country with a population of eight million adults has five million employed, 500,000 unemployed, and the rest 0f the adult population is out of the labor force. Whats the unemployment rate? What share of population is in the labor force? Sketch a pie chart that divides the adult population into these three groups.
Assess whether the following would be counted as unemployed in the Current Employment Statistics survey. A husband willingly stays home with children while his wife works. A manufacturing worker whose factory just closed down. A college student doing an unpaid summer internship. A retiree. Someone who has been out of work for two years but keeps looking for a job. Someone who has been out of work for two months but isnt looking for a job. Someone who hates her present job and is actively looking for another one. Someone who decides to take a part time job because she could not find a full time position.
What is frictional unemployment? Give examples of frictional unemployment.
What term describes the remaining level of unemployment that occurs even when the economy is healthy?
Under what condition would an increase in the unemployment rate be a positive sign?
Using the definition of the unemployment rate, is an increase in the unemployment rate necessarily a bad thing for a nation?
How do you calculate the unemployment rate? How do you calculate the labor force participation rate?
Over the long term, has the U.S. unemployment rate generally trended up, trended down, or remained at basically the same level?
If many workers become discouraged from looking for jobs, explain how the number of jobs could decline but the unemployment rate could fall at the same time.
Under what condition would a decrease in unemployment be bad for the economy?
What type of unemployment (cyclical, frictional, or structural) applies to each of the following: landscapers laid off in response to a drop in new housing construction during a recession. coal miners laid off due to EPA regulations that shut down coal fired power a financial analyst who quits his/her job in Chicago and is pursing similar work in Arizona printers laid off due to drop in demand for printed catalogues and flyers as firms go the internet to promote an advertise their products. factory workers in the U.S. laid off as the plants shut down and move to Mexico and Ireland.
Would you expect the natural rate of unemployment to be roughly the same in different countries?