Using the following data calculate: (i) The number of persons employed. (ii) The number of persons unemployed. (iii) The labour force. (iv) The Labour Force Participation rate. (v) The “official” unemployment rate. 987,156 Currently Working | 23,000 volunteer workers 9845 (ages 13-14) looking for work |12,000(ages 15) looking for work 45,600 Part-Time workers| 56 family workers who worked 15 hrs a week 234 Self-Employed |6543 Discouraged Workers 67,432 (ages 23-25) looking for work| 67,890 laid off receptionists looking for work 544,321 (ages 16-20) looking for work |Current population is 6,000,000 5654 Temp Workers |5000 armed forces 543 recent university graduates that are going back to graduate school |3500 institutionalized
Using the following data calculate:
(i) The number of persons employed.
(ii) The number of persons unemployed.
(iii) The labour force.
(iv) The Labour Force Participation rate.
(v) The “official”
987,156 Currently Working | 23,000 volunteer workers
9845 (ages 13-14) looking for work |12,000(ages 15) looking for work
45,600 Part-Time workers| 56 family workers who worked 15 hrs a week
234 Self-Employed |6543 Discouraged Workers
67,432 (ages 23-25) looking for work| 67,890 laid off receptionists looking for work
544,321 (ages 16-20) looking for work |Current population is 6,000,000
5654 Temp Workers |5000 armed forces
543 recent university graduates that are going back to graduate school |3500 institutionalized
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