7 The table shows statistics for three Canadian cities at several different points in time. What was the unemployment rate inMontreal in January 2019?Jan.MontrealJan. Jan.2009 2019Jan.TorontoJan. Jan. Jan.2009 2019 2005VancouverJan. Jan.2009 201920052005Labor2,059,7 2,323.93,101.9 3,639.51,251.1 1.545.6forceEmplo 1,831.7 1.878.1 2.240.2 2,686.5 2,856.1 3,405.3 1,115.4 1,177.6 1.465.7yedUnemp 171.4143.7 202.3 250.978.979.8loyedUnemp7.0%6.4% 6.6% 5.9%loyme 8.6% 8.8%nt rate8.8%93.8%6.2%5.4%

Unemployment rate is the ratio of unemployed people to the labor force. Given: Labor force in…

The table shows statistics for three Canadian cities at several different points in time. What was the unemployment rate in Montreal in January 2019? Montreal Toronto Vancouver Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 2009 2019 Jan. 2019 2005 2005 2005 2009 2009 2019 Labor 2,059,7 2,323.9 3,101.9 3,639.5 1.251.1 1.545.6 force Emplo 1,831.7 1.878.1 2.240.2 2.686.5 2.856.1 3,405.3 1,1154 1,177.6 1,465.7 yed Unemp 171.4 143.7 202.3 250.9 78.9 79.8 loyed Unemp loyme 8.6% 8.8% 7.0% 6.4% 6.6% 5.9% nt rate 08.8% O 6.2% 5.4% 93.8%

The table shows statistics for three Canadian cities at several different points in time. What was the unemployment rate in Montreal in January 2019? Montreal Toronto Vancouver Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 2009 2019 Jan. 2019 2005 2005 2005 2009 2009 2019 Labor 2,059,7 2,323.9 3,101.9 3,639.5 1.251.1 1.545.6 force Emplo 1,831.7 1.878.1 2.240.2 2.686.5 2.856.1 3,405.3 1,1154 1,177.6 1,465.7 yed Unemp 171.4 143.7 202.3 250.9 78.9 79.8 loyed Unemp loyme 8.6% 8.8% 7.0% 6.4% 6.6% 5.9% nt rate 08.8% O 6.2% 5.4% 93.8%

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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