The graph compares employment rates in three sectors of the economy, in the UK betwe- c000-2010. Summarize the information by selecting and reporting the main features and comparisons where relevant - write between 150 to 200 words. Add a caption and comment on the information given. Employment rates, by sector, in the UK economy, 2000-2010 60 50- 40- Public sector Private secor Selfemployed 30

The graph compares employment rates in three sectors of the economy, in the UK betwe- c000-2010. Summarize the information by selecting and reporting the main features and comparisons where relevant - write between 150 to 200 words. Add a caption and comment on the information given. Employment rates, by sector, in the UK economy, 2000-2010 60 50- 40- Public sector Private secor Selfemployed 30

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The graph compares employment rates in three sectors of the economy, in the UK between
2000-2010. Summarize the information by selecting and reporting the main features and make
comparisons where relevant - write between 150 to 200 words.
Add a caption and comment on the information given.
Employment rates, by sector, in the UK economy, 2000-2010
...
60
40-
Public sector
- Private secor
-Selempkoyed
30-
20-
10
2000
2001
2002
2003
2004
2005 2006
2007
2008
2009
2010

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Question 3 The table below gives some labor statistics (from the Bureau of Labor Statistics) for years 1995, 2000 and 2005. Use these data to answer the following questions. Express your answers in percentage terms to two places past the decimal. Variable 1995 2000 2005 Population 26,000,000 27,000,000 28,000,000 Adult population 18,000,000 19,000,000 20,500,000 Adult population able to work 17,900,000 18,800,000 20,000,000 Adult population able and wanting to work 15,700,000 16,500,000 18,000,000 Number employed 14,000,000 14,500,000 15,000,000 Number unemployed 1,000,000 1,500,000 2,500,000 a. Define labor force. For each year find the labor force b. Define the labor-force participation rate. Calculate it for each year c. Calculate the unemployment rate for each year.
The following table contains unemployment statistics from 2013 for three different countries: Australia, the Netherlands, and France. (Source: “International Labor Comparisons.”Bureau of Labor Statistics) Fill in the table using the given data. Country Working-Age (Civilian Not in Civilian Employed Unemployed Unemployment Non-institutionalized) the Labor Force Labor Force (Thousands) (Thousands) Rate Population (Thousands) (Thousands) (Percent) (Thousands) Australia 18,332 6,196 12,136 11,501 635 Netherlands 13,629 4,796 8,364 469 France 22,411 25,547 2,824
Note: typed answer with 100℅
Note: typed answer with 100℅
Ellen is downloading labor market data for the most recent month, but her connection isslow. So far thisß is all she has been able to collect:Unemployment rate 5.2%Participation rate 62.5%Not in the labor force 60 millionFind the● working-age population● the labor force● the number of employed workers● The number of unemployed workers.