The table gives information about the labour market in October 2017 in the economy of Sandy Island. Labour Market Data Number Calculate for October 2017 In October 2017 a. The unemployment rate b. The employment rate Employed 10,000 And calculate for the end of November 2017 Unemployed 3,000 c. The number of people unemployed, the number employed, and the unemployment rate Not in labour force 6,000 >>> Answer to 1 decimal place. During November 2017 Lost jobs and didn't look for new jobs 100 In October 2017: Quit jobs and retired 20 The unemployment rate is percent. Unemployed who were hired 150 Left the labour force 50 Entered the labour force to look for work 50
The table gives information about the labour market in October 2017 in the economy of Sandy Island. Labour Market Data Number Calculate for October 2017 In October 2017 a. The unemployment rate b. The employment rate Employed 10,000 And calculate for the end of November 2017 Unemployed 3,000 c. The number of people unemployed, the number employed, and the unemployment rate Not in labour force 6,000 >>> Answer to 1 decimal place. During November 2017 Lost jobs and didn't look for new jobs 100 In October 2017: Quit jobs and retired 20 The unemployment rate is percent. Unemployed who were hired 150 Left the labour force 50 Entered the labour force to look for work 50
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 11RQ: If you an? out of school but working part time, are you considered employed or unemployed in U.S....
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Transcribed Image Text:The table gives information about the labour market in October 2017 in the economy of Sandy Island.
Labour Market Data
Number
Calculate for October 2017
In October 2017
a. The unemployment rate
b. The employment rate
Employed
10,000
And calculate for the end of November 2017
Unemployed
3,000
c. The number of people unemployed, the number employed, and the unemployment rate
Not in labour force
6,000
>>> Answer to 1 decimal place.
During November 2017
Lost jobs and didn't look for new jobs
100
In October 2017:
Quit jobs and retired
20
The unemployment rate is percent.
Unemployed who were hired
150
Left the labour force
50
Entered the labour force to look for work
50
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