Labor force = Employed + Unemployed
Employed = (188+6)=194 million
Labor force = 200 million
Unemployed = (200-194) million = 6 million
Unemployment rate = (6/200)100 = 3%
The table describes hypothetical employment statistics for a country in a given year. Full-time workers and...
The table describes hypothetical employment statistics for a country in a given year. Labor force Full-time workers and voluntary part-time workers Involuntary part-time workers Discouraged workers 174 million 162 million 8 million 6 million Based on the information, what is the unemployment rate? Enter your answer as percentage rounded to one decimal place.
The table describes hypothetical employment statistics in the United States in a given year. The labor force is the sum of those that are employed plus the unemployed. Labor Full-time workers and UnderemployedDiscouraged force voluntary part-workers workersworkers million5 million 155 140 million million Based on the information, what is the unemployment rate? Specify your answer to one decimal place unemployment rate
LX The table describes hypothetical employment statistics in the United States in a given year. The labor force is the sum of those that are employed plus the unemployed. Labor Full-time workers and UnderemployedDiscouraged force voluntary part-workers workers workers 170 140 million 7 million 5 million million Based on the information, what is the unemployment rate? Specify your answer to one decimal place. unemployment rate: 4.12 %
The table describes hypothetical employment statistics in the United States in a given year. The labor force is the sum of those that are employed plus the unemployed. Labor Full-time workers and UnderemployedDiscouraged force voluntary part-workers 155 million workers workers 140 million 7 mion 5 mon Based on the information, what is the unemployment rate? Specify your answer to one decimal place. unemployment rate: 5.2
stion 5 of 20 Resources Give Up? Hint Check And > Attemp The table describes hypothetical employment statistics in the United States in a given year. The labor force is the sum of those that are employed plus the unemployed. Labor Full-time workers and Underemployed Discouraged force voluntary part-workers workers workers 170 140 million 7 million 5 million million Based on the information, what is the unemployment rate? Specify your answer to one decimal place. unemployment rate: about us Careers...
Simply counting the number of unemployed workers will not necessarily give the Bureau of Labor Statistics (BLS) the most accurate indication of the extent of underemployment in the economy. Some part-time workers will be counted as employed even if they'd like to work full-time. Furthermore, some jobless workers will not qualify as unemployed because they have given up on their job search, frustrated with their inability to find work. Fortunately, the BLS can use the information provided in the household...
3. The table below shows unemployment and labor force statistics for an economy. Actual rate of unemployment 3% Natural rate of unemployment 4% Population of the country 125 million Number of people employed 97 million Number of people unemployed 3 million Number of people employed part time 5 million Number of discouraged workers 2 million e. Suppose discouraged workers reenter the labor force and find employment. Will the actual rate of unemployment increase, decrease, or stay the same?
Consider the graph of the labor market shown here. At the wage rate of $15, the number of unemployed people in this market is: Wage Labor supply $15 $14 $13 Labor demand 20 22 24 Quantity of labor in thousands) zero. 2,000 O 22,000. 4.000. After a financial crisis hits the country of Barbaria, 3 million people become unemployed. If 55 million individuals are lucky enough to keep their jobs, what is the unemployment rate? Please specify your answer to...
3. The table below shows unemployment and labor force statistics for an economy.Actual rate of unemployment3%Natural rate of unemployment4%Population of the country125mitlonNumber of people employed97miltionNumber of people unemployed3 millionNumber of people employed part-time5 millionNumber of discouraged workers2 milliona. Calculate the size of the labor force.b. Calculate the labor force participation rate. Show your work.c. Given the state of the economy described in the table, is actual real output less than, greater than, or equal to potential real output? Explain.d. Calculate...
7. Discouraged searchers and underemployed workers By keeping track of discouraged workers and underemployed workers, Statistics Canada gets a dearer picture of the true employment situation than if It looked at only the number of unemployed workers. Which of the following statements correctly describe discouraged searchers? Check all that apply. They would like to have jobs They are part-time workers who want to work full time They are not in the labour force They have not looked for work during...