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?

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 18RQ: Are U.S. unemployment rates distributed evenly across the population?
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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?
Unemployment
Rate
Labour Force
Participation
Rate
Working-age
Population
2001
2011
5%
66.2% 64.2%
234M 238M
2021
9.1% 4.9%
62.7%
251 M
Transcribed Image Text:Unemployment Rate Labour Force Participation Rate Working-age Population 2001 2011 5% 66.2% 64.2% 234M 238M 2021 9.1% 4.9% 62.7% 251 M
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