A survey has been taken of people in a neighborhood. The breakdown of the population is as follows:Total population = 1,318+ 128 +509 +52 +38Number employed = 1,318Housewives or househusbands = 128Number actively looking for a job = 509Number retired=52Under 16 years of age = 38 What is the unemployment rate?

A survey has been taken of people in a neighborhood. The breakdown of the population is as follows:Total population = 1,318+ 128 +509 +52 +38Number employed = 1,318Housewives or househusbands = 128Number actively looking for a job = 509Number retired=52Under 16 years of age = 38 What is the unemployment rate?

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment

Section: Chapter Questions

Problem 6WNG

See similar textbooks

Similar questions

How to calculate the labour force participation rate? Please provide formula Labour force: 140,00 Working age population: 210,900
How can you interpret the sex ratio in Aklan in year 2000?
The following table shows UK labour market data for the first quarter of 2018 (all aged 16 and over, seasonally adjusted). Fill in the blank parts of the table. Male Female Total In employment (000s) 17 128 15 215 ILO unemployed (000s) 756 Total economically active (000s) 15 884 Percentage unemployed (%) 4.2
1. Assume that a survey of households revealed that the non-institutional population 16 years and older is 250 million. Of that group, 100 million are working full-time and 50 million are working part-time. 15 million of the part-time workers said that they would prefer to be working full-time while the other 35 million prefer to be working part-time. Of the people who are not working, 11 million said that they want to work. All 11 million had either gone to a job interview or submitted a resume during the last year, but only 5 million had done so during the past month. Given this information, find the a. unemployment rate b. labor force participation rate c. u6 measure of labor utilization
Which of the following statements are TRUE? Explain why. 1. Someone who has been laid off for eight weeks due to COVID-19 and is not looking for work since they are waiting to be called back to their old job in two months would be counted as not in the labour force by Statistics Canada. 2. Someone who is working part time but would prefer to work full time is counted by Statistics Canada as employed. 3. Someone who is out of work but has given up looking for work is counted by Statistics Canada as not in the labour force. 4. The Canadian working-age population consists of individuals 16 years of age and over.
Calculate unemployment rate if adult population of the nation is 900 people of which 550 people are working and 50 are looking for working
123.) This question is based on the following information about Rugrats: (The data below represents only Rugrats, of Winnecut, who are over the age of 16.) 10,000 Rugrats live in Winnecut 7000 Rugrats are employed 2000 Rugrats are not employed and are not looking for work 1000 Rugrats are not employed, but are looking and available for work The labor force participation rate in Winnecut is: 12.5% 20% 70% 80%
Give three reasons why labour force statistics may not be accurate. For each reason, identify a strategy which can be used to improve the labour force statistics
how does Statistics Canada measures the actual unemployment rate for Canada for a given year.
How do you complete the table?
Assume the total population is 3500. Of the total population, 1800 are working full-time. Of the not-working population, 1000 are under 16 years of age, 350 are full-time/not-working college students, 50 were retired, 150 had stopped looking for work because they think there were no jobs for them, and 150 are diligently looking for work. 6. Calculate # of non-labor force. 7. Calculate the unemployment rate (%). 8. Assuming "discouraged labor" is considered "unemployed," calculate the unemployment rate (%). -----. -----------
Please do fast