The Statistics Canada reported the data given in the table for February 2009. E Click the icon to view the table. Calculate the unemployment rate, the labour force participation rate, and the employment-to-population ratio. >>> Answer to 1 decimal place. The unemployment rate is percent. - X Data Table Item Labour force 18,315,200 Employment 16,899,400

The Statistics Canada reported the data given in the table for February 2009. E Click the icon to view the table. Calculate the unemployment rate, the labour force participation rate, and the employment-to-population ratio. >>> Answer to 1 decimal place. The unemployment rate is percent. - X Data Table Item Labour force 18,315,200 Employment 16,899,400

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: Figure 29-2 Percent of Labor Force 10% 8- 4 2 ست كلمة ه 1960 1965 1970 T 1975 Line B 1980 Line A…

A: Unemployed indicates those individuals who have skills and are willing to work but do not get the…

Q: Table below provide the data of labour force, employment and working age population Labour Force…

A: Unemployment rate = [Unemployed / Labor force] * 100Labor force participation rate = [Labor force /…

Q: how does Statistics Canada measures the actual unemployment rate for Canada for a given year.

A: The actual unemployment rate signifies the overall rate of fluctuations that occur around the…

Q: Question 3 The table below gives some data on the population of Crescent Highland. Use the provided…

A: Labor force: The labor force consists of the number of people who are employed plus unemployed…

Q: Use the table below to calculate the following statistics for Brazil Adult Population (millions)…

A: The labor force consists of the person who is working or the person who does not have work but…

Q: The table gives information from the Current Population Survey. What is the employment-population…

A: The information about the current population survey is given as follows: Labour Force = 161.1…

Q: For the following data calculate the unemployment rate (round your answer) Population 9 millio…

A: Unemployment rate is the percentage of labor force that is unemployed.

Q: a. The following table shows some labour characteristics for a sub-group of the Canadian population…

A: The labor force participation rate is the percentage of people in the labor force either working,…

Q: None

A: Labor Force Size:The labor force consists of individuals who are either employed or actively seeking…

Q: Suppose that the unemployment rate is 5%, the total working age population IS 20 million. (Write…

A: Unemployment rate = (Unemployed / Labor force) => 5% = (7.5 million / Labor force) => 0.05 =…

Q: Population (working age). 240,000 Employed 180,000 Unemployed…

A: Labor force = Employed + Unemployed Labor force participation rate : Labor force / Working age…

Q: Use the information below to answer the question Population 30 million People between ages 15 and 65…

A: Labor force (LF) = Full time employed + Part time employed + Unemployed = 9 + 1.5 + 1 = 11.5 million

Q: 2. Assume that the employment data (in millions) are Population (16 and over) = 243.190 Labor force…

A: Unemployment means a population want to do work and have skills as well , but dont have work so ,…

Q: The Current Population Survey reports the data for last month: 73 million people had full-time jobs.…

A: The objective of the question is to calculate the labor force and the working-age population based…

Q: Unemployment and the Labor Force The table shows employment statistics for a fictional country. Use…

A: Employment is when people are employed in full-time or part-time roles, and are able to earn income…

Q: 6. A nation has a population of 260 million people. Of these, 60 million are retired, in the…

A: Here we calculate the Unemployment rate by using the given information so the calculation of the…

Q: Labour force data for Eturia (all in millions) are shown in the table below. Enter your responses…

A: The labour force is made up of both employed people and unemployed people, and the unemployment rate…

Q: How do you complete the table?

A: In year 2003, we need to determine the LFPR (Labor Force Participation Rate) where LFPR is the ratio…

Q: How is the unemployment rate measured? Question 2Answer a. The number of unemployed divided by the…

A: The objective of the question is to understand the correct method of calculating the unemployment…

Q: The ABS reported that in September 2007, a cycle peak, the working-age population was 16,808,200,…

Question

100%

5.1 RTDA: Study Plan Problem 1 (algo)
The Statistics Canada reported the data given in the table for February 2009.
E Click the icon to view the table.
Calculate the unemployment rate, the labour force participation rate, and the employment-to-population ratio.
>>> Answer to 1 decimal place.
The unemployment rate is percent.
Data Table
Item
Labour force
18,315,200
Employment
Working-age population
16,899,400
27,161,200
Print
Done

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

This question: 1 point(s) possible The BLS survey found the numbers in the table for a small community. Category Number Calculate the unemployment rate and the labor force participation rate for this community. Total number of persons in the community 200 Worked at least 1 hour as paid employees or worked 15 hours or more as unpaid workers in their family business 30 The unemployment rate is percent. >>> Answer to 1 decimal place. Were not working but had jobs or 20 businesses from which they were temporarily absent The labor force participation rate is >>> Answer to 1 decimal place. percent. 20 Had no employment and were not available for work Were available for work and had made 10 specific efforts to find employment some time during the previous 4 weeks Were available for work and were waiting to be recalled to a job from which they had been laid off Next MacBook Air 20 F3 トI F10 FV 888 F4 000 F9 esc F2 F5 F6 F7 $ & * へ # 3 4 5 7 8 Q W E R Y ーのつ

Category Number of people 10,000 Labor force Employed Working-age population 9,000 12,000 In the table above, the number of unemployed people is 1,100. 2,000. 11,000. 1,000. 3,000. Question 12 Rosina Gonzales quit her to her family She
When calculating the employment-population ratio, what goes in the denominator? A. The total population size of a country B. The total male population size of a country C. Number of civilians at least 16 years of age in the country D. Number of people who want to work in the country
Question Help The table gives information about a nation's labor force. Labor Market Data What is the number unemployed? Labor force 143.7 milion Not in labor force 714 million The number unemployed is million. Employed 136.9 million >>> Answer to 1 decimal place.
The country of Bada has collected the following information: Population (working age). 240,000 Employed 180,000 Unemployed 30,000 Calculate: Labor Force = Unemployment rate = Labor-force participation rate = Classify each of the following individuals in one of the following categories: employed, unemployed, or not in the labor force. . Scott has a Ph.D. He worked full-time but doesn't like his job as a dishwasher. He has applied for jobs with three companies and five universities. As soon as he gets an offer, he'll quit his current job.
Use the data below that describes a nation’s population to answer the following questions: a) How many people are unemployed each year? b) How many people are employed each year? c) What impact would a recession have on the full-employment rate of unemployment of 4.0%? Year 1 Year 2 Population 330 million 335 million Labor Force 170 million 175 million Unemployment rate 7 percent 6 percent
Only typed answer and please don't use chatgpt
A6
Use the table data below about this economy to answer the questions that follow regarding employment/unemployment. Show all calculations. Group Relevant population ?? Not in labor force 85 Labor Number in Millions Employed Unemployed 245 ?? 25 1. What is the relevant population in this economy? 1. How many people are employed in this economy? 1. Calculate the unemployment rate.
Complete the following table: Column1 Column2 Employment 160,528,000.00 Unemployment Unemployment Rate U3 4.1% Labor Force Labor Force participation rate 64.1% Civilian Population Employment/Population ratio
Month CPI January 281.93 February 284.18 March 287.71 April 288.66 The minimum wage was $1.60 in 1968. The CPI in December of 1968 was 35.6 and we have the data above for CPI values in 2022. What is the value of the 1968 minimum wage in April 2022 terms? Round your answer to two digits after the decimal without the dollar sign. Make sure you are using the correct base period.
Numbers of people took survey 58 number reporting at least one hour per week of paid employment 22 number working less than 30hours 7 Number of people working 30 or more hours 15 number not working but actively seeking for work 8 number of not working and not looking for work who are student 30 homemakers 1 other 5 1) what is the number of employed? 2) what is the number of unemployed? 3) what is the labor force? 4)what is the unemployment rate%? 5) why might an individual have characterized themself unemployment when in fact they is not actively seeking for a job? 6)why might an individual be counted as not in labor force when that person might actually want a job?