The unemployment rate is the: percentage of the labour force that is out of work percentage of the total population that is out of work ratio of unemployed in the labour force to employed workers in the labour force number of employed workers minus the number of workers who are not in the labour force ratio of unemployed in the total population to employed workers

The unemployment rate is the: percentage of the labour force that is out of work percentage of the total population that is out of work ratio of unemployed in the labour force to employed workers in the labour force number of employed workers minus the number of workers who are not in the labour force ratio of unemployed in the total population to employed workers

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

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Assess whether the following would be counted as unemployed in the Current Employment Statistics survey. A husband willingly stays home with children while his wife works. A manufacturing worker whose factory just closed down. A college student doing an unpaid summer internship. A retiree. Someone who has been out of work for two years but keeps looking for a job. Someone who has been out of work for two months but isnt looking for a job. Someone who hates her present job and is actively looking for another one. Someone who decides to take a part time job because she could not find a full time position.
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The ABS reported that in September 2007,a cycle peak,the working-age population was 16,808,200 ,the labour force was 10,979,300 and employment was 10,514,600.calulate for that quarter the labour force participation rate and unemployment rate
Also define employed person, unemployed person and unemployment rate.
The labor force participation rate shows the percentage of thelabor force that has a job. labor force that is unemployed. relevant population that is employed. relevant population that is in the labor force.
Assess whether the following would be countedas “unemployed” in the Current Employment Statisticssurvey.a. A husband willingly stays home with childrenwhile his wife works.b. A manufacturing worker whose factory justclosed down.c. A college student doing an unpaid summerinternship.d. A retiree.e. Someone who has been out of work for two yearsbut keeps looking for a job.f. Someone who has been out of work for twomonths but isn’t looking for a job.g. Someone who hates her present job and isactively looking for another one.h. Someone who decides to take a part time jobbecause she could not find a full time position.
Calculate the size of the labour force in August and September, and show your working.
Assess whether the following would be counted as “unemployed” in the Current Employment Statistics survey. a. A husband willingly stays home with children while his wife works. b. A manufacturing worker whose factory just closed down. c. A college student doing an unpaid summer internship. d. A retiree. e. Someonewhohasbeenoutofworkfortwoyears but keeps looking for a job. f. Someone who has been out of work for two months but isn’t looking for a job. g. Someone who hates her present job and is actively looking for another one. h. Someone who decides to take a part time job because she could not find a full time position.
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 (%). -----. -----------
Calculate unemployment rate if adult population of the nation is 900 people of which 550 people are working and 50 are looking for working
fill in the blank year population employed unemployed labor force unemp. Rate LFPR 1.0 300 1000 0.50 2.0 1800.00 800 0.70 3.0 1600.00 700 0.45 0.80
The table below provides employment and labour force data for a small economy over a 3-month period. Stock of Unemployment Stock of Stock of outside the Total Population Employment 2,530,000 2,470,000 2,410,000 Labour Force Sept. 1 Oct. 1 Nov. 1 120,000 120,000 120,000 350,000 410,000 470,000 3,000,000 3,000,000 3,000,000 a. What is the unemployment rate on September 1, October 1, and November 1? b. Explain why the unemployment rate changes even though the stock of unemployment remains stable. c. Provide a likely explanation for the change in this economy's labour force. In this case, is the unemployment rate an accurate measure of the amount of slack (excess supply) in the labour market? a. The unemployment rate on September 1 is %. (Round your response to two decimal places.)