5.1 Study Plan Problem 2 (algo) Question Help The table gives information about the labour market in May 2017 in the economy of Sandy Island. Labour Market Data Number In May 2017 Calculate for May 2017 a. The unemployment rate b. The employment rate Employed Unemployed 20,000 1,000 And calculate for the end of June 2017 Not in labour force 3,000 c. The number of people unemployed, the number employed, and the unemployment rate During June 2017 Lost jobs and didn't look for new jobs 80 >>> Answer to 1 decimal place. Quit jobs and retired 30 In May 2017: Unemployed who were hired 150 Left the labour force 50 The unemployment rate is percent. Entered the labour force to look for work 50

5.1 Study Plan Problem 2 (algo) Question Help The table gives information about the labour market in May 2017 in the economy of Sandy Island. Labour Market Data Number In May 2017 Calculate for May 2017 a. The unemployment rate b. The employment rate Employed Unemployed 20,000 1,000 And calculate for the end of June 2017 Not in labour force 3,000 c. The number of people unemployed, the number employed, and the unemployment rate During June 2017 Lost jobs and didn't look for new jobs 80 >>> Answer to 1 decimal place. Quit jobs and retired 30 In May 2017: Unemployed who were hired 150 Left the labour force 50 The unemployment rate is percent. Entered the labour force to look for work 50

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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5. The total population is 98.4 million. The participation rate is 77.9%. The population employed is 49.8 million and the unemployment rate is 11.1%. a. How many people are in the labour force? b. How many are unemployed? c. How many people are in the civilian noninstitutional population?
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