5. Ontario's total population is equal to 97,098. You also have access to the following information: Not-able bodied: 14,602 Unemployment rate: 7.5% Not in the labour force: 30,936 a. There are able-bodied individuals. Round your answer to the nearest integer if necessary. b. There are employed individuals. Round your answer to the nearest integer if necessary. The labour force participation rate is %. Round your answer to one decimal С. place if necessary.

5. Ontario's total population is equal to 97,098. You also have access to the following information: Not-able bodied: 14,602 Unemployment rate: 7.5% Not in the labour force: 30,936 a. There are able-bodied individuals. Round your answer to the nearest integer if necessary. b. There are employed individuals. Round your answer to the nearest integer if necessary. The labour force participation rate is %. Round your answer to one decimal С. place if necessary.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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If Macroland had the following information 200 - Employed Workers 100 - Not working, but still looking for a job 100 - Students not looking for a job 100 - Retired workers 100 - Children What is the Employment to Population Rate? Your answer should be a percentage
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Which one of these individuals is a part of the eligible population, but NOT part of the labor force? Select one: a. A 19 years old who is working part time in a beauty salon b. A 22 years old who is looking for a job after graduating from college but cannot find one c. A 33 years old who stays at home to take care of his kids d. A 42 years old who works in jail after committing grand larceny e. A 75 years who is still working full time as an attorney
The population (age 16 and over) of Pageland is 150 million; 11 million are unemployed, and 89 million hold jobs. What are the rates of unemployment and labor force participation of Pageland? Unemployment is 7 percent, and labor force participation is 88 percent. Unemployment is 7 percent, and labor force participation is 72 percent. Unemployment is 11 percent, and labor force participation is 66 percent. Unemployment is 11 percent, and labor force participation is 89 percent.
3. Calculate items A, B, and C in the table below. Employment Status August 2021 Civilian noninstitutional population 261,611 Civilian labor force 161,537 Participation rate Employed Employment-population ratio Unemployed Unemployment rate Not in labor force All numbers in Thousands. Source: Bureau of Labor Statistics. The number of persons who in principle could work. 153,154 58.5% B 100,074
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16) If the Local employment sector of manufacturing is 40,125 and total local total employment is 320,147 and national employment in that sector is 1,142,228, with total national employment at 13,425,000 what is the location quotient? 17) The location quotient must be than one a. Less than b. Equal to c. Greater d. None of the above 18) Based on question 16, what percentage of the local manufacturing are basic employees? 19) What is the EBM, if total basic employment is 128,500 and total employment is 350.000? 20) What does the EBM indicate in question 19? 21) Based on question 19, If the population is 798,112, what is the PER. 22) What does Does the PER indicate?
Use the table below to answer the question. Category Institutionalized Full-time workers Less than 16 years of age Armed forces (noncivilian) Part-time workers Population Looking for work The unemployment rate is (give your answer to two decimals): Number of people (millions) 14 103 40 20 27 314 14
The Bureau of Labor Statistics reported the following data for 2010:Labor force: 153.7 millionEmployment: 139.1 millionWorking-age population: 237.9 millionCalculate the:a) Unemployment rate.b) Labor force participation rate.c) Employment-to-population ratio.d) Why might the unemployment rate underestimate the underutilization of labor resources?
The BLS survey found the numbers in the table for a small community. Calculate the unemployment rate and the labor force participation rate for this community. 1- The unemployment rate is ………percent. 2- The labor force participation rate is ….. percent.
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