The table below reports the total population in a country and the number of people in different groups. Total population People in jail People working part time People working full time Children under the age of 16. People serving in the military Retirees Full-time students What is the unemployment rate? | 250 million 20 million 20 million 100 million 25 million 10 million 15 million. 20 million

The table below reports the total population in a country and the number of people in different groups. Total population People in jail People working part time People working full time Children under the age of 16. People serving in the military Retirees Full-time students What is the unemployment rate? | 250 million 20 million 20 million 100 million 25 million 10 million 15 million. 20 million

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Consider the following labour market data. Adult Population is 139, there are 13 people not in the labour force, and 30 people are unemployed. Calculate the labour force participation rate (in %) a. 90.65 b. 81.29 c. none of the other answers are correct d. it is impossible to calculate from the data given e. 9.35
Civilian population of a country is equal to 237,8 million. Labor force was only 153,8 million. What is participation rate? If 139 million of those in the labor force were employed, 14,8 million were unemployed. What is unemployment rate?
What is the labor force participation rate in Spain?
Economics Total Population Working-age Populatior Unemployed Employed 300 200 10 90 4. Based on the table above, the unemployment rate for the economy is: 5. Based on the table above, the labor force participation rate for the economy is: please include formulas used
These refer to the percentage of people who do not have a job and are not looking for a job a. Out of labor force b. Labor force c. Unemployed d. Employed
There are 100,000 people working full time, 25,000 people working part-time, and 30,000 people who are not working but who are searching for a job. There are 2,000 people who are not working and have given up trying to find for a job and 5,000 who are retired and do not work. What is the unemployment rate?
Question 3 We are given the following information for UWI Land. At the start of the period, there are 334,250 employed workers, 15,750 unemployed and 150,000 not in the labour force. During the period 500 workers lost their jobs but are currently looking for a new one; 1000 employed workers decided to retire; 2500 were unemployed but just started a new job. Of the workers not in the labour force 5,000 workers entered the labour force but are still looking for a job and 21,000 workers just found a job.
1
Find the missing one
What is the term for the percentage of the total labor force that is unemployed but actively seeking employment and willing to work? A. Labor force participation rate B. Employment rate C. Unemployment rate D. Underemployment rate.
4. The following data is from the Bureau of Labor Statistics (BLS). (https://data.bls.gov/ timeseries/LNS14000000) Category Civilian noninstitutional population Civilian labor force Participation rate Employed Employment-population ratio Unemployed Not in labor force May 2022 263,679 164,376 62.3 158,426 60.1 5,950 99,302 a. Calculate the unemployment rate for May 2022. (show your work) Use the Bureau of Labor Statistics Website, to answer the next two questions (b and c). Looking at the last 10 years of data: b. What was the rate, month and year for the highest unemployment rate? c. What was the rate, month and year for the lowest unemployment rate?
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