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- Numbers of people took survey 58 number reporting at least one hour per week of paid employment 22 number working less than 30hours 7 Number of people working 30 or more hours 15 number not working but actively seeking for work 8 number of not working and not looking for work who are student 30 homemakers 1 other 5 Find Labor force (employed and unemployed)TheAustralianBureauofStatistics(ABS)reportedinMay2017thatthecivilian population in Australia over 15 years of age was 20.8 million.Of this population of 20.8 million Australians, 13.5 million were employed and 0.7 million were unemployed.Calculate Australia’s labor force and the number of people in the civilian population who were not in the labor force? Also, with examples examine the causes of structural unemployment in AustraliaThe 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?
- The labor force participation rate shows the percentage of thelabor force that has a job. labor force that is unemployed. relevant population that is employed. relevant population that is in the labor force.Calculate unemployment rate if adult population of the nation is 900 people of which 550 people are working and 50 are looking for workingHow is the unemployment rate measured? Question 2Answer a. The number of unemployed divided by the labour force b. The number of unemployed divided by the population c. The number of unemployed divided by the number of people under the age of 15 d. The number of unemployed divided by the number of employed
- 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?Craigburg has a working age population of 20 million. Of those, 11 million are employed and 1 million are unemployed. The unemployment rate is ________ and the participation rate is __________. Question options: a) 5%; 55%. b) 8.3%; 55%. c) 5%; 60%. d) 8.3%; 60%. In November 2010 the labor force in Siouxtown, was 14,800. There were 14,483 persons employed. The local unemployment rate: Question options: a) was 1.2%. b) was 7.1%. c) was 5.6%. d) was 2.1%.Calculate the c) Employment in manufacturing sector d) Employment and wage in service sector
- 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…Please answer a, b and c. The table below shows the responses to a survey which asked whether a respondent worked in the past week and what their hourly wage was. Respondent Number of Hours Worked Hourly Wage 1 40 $10 2 20 $6 3 40 $8 4 0 $0 5 50 $20 a. What is the average hourly wage for those who worked? b. For those who worked, what is the average number of hours worked? c. What is the unemployment rate if everyone but the fourth respondent is in the labour force? d. What additional information would you need to know to determine if the fourth respondent is in the labour force? e. What is the labour force participation rate if everyone but the fourth respondent is in the labour force?The labor force consists of: a)all adults who areable to work. b)all adults who areworking, plus those not working. c)discouraged workers, employed workers, plus those activelyseeking work. d)all adults who areworking or actively seeking work.