Calculate the unemployment rate and participation rate for the following example: Employed: 190,000 Looking for work:...
Calculate the unemployment rate and participation rate for the following example:
Employed: 190,000
Looking for work: 10,000
Not looking for work 70,000
Homework Answers
a) Unemployment rate = Number of unemployed / labor force.
= 10,000 / 200,000. (people not looking for work are not considered as part of the labor force).
= 5%.
b) Participation rate = number of employed / total population.
190,000 / 270,000 = 70.37%.
Add Answer to:
Calculate the unemployment rate and participation rate for the
following example:
Employed: 190,000
Looking for work:...
See the example from Table 8.1. Calculate the new labor force participation rate and unemployment rate...
See the example from Table 8.1. Calculate the new labor force participation rate and unemployment rate if 700,000 people stopped seeking work. Total adult population over the age of 16 249.9 million In the labor force 157 million (62.8%) Employed 148.3 million Unemployed 8.7 million Out of the labor force 92.9 million (37.2%)
Indicate what happens to the unemployment rate and the labor-force participation rate in each of the following scenarios...
Indicate what happens to the unemployment rate and the labor-force participation rate in each of the following scenarios. Scenario Effect On... Unemployment Rate Labor-Force Participation Rate Raphael, a full-time college student, graduates and is immediately employed. Susan quits her job to become a stay-at-home mom. Alex has a birthday, becomes an adult, and starts working in a restaurant. Clancy, a construction worker, dies in an accident at work.
5. Find the labor force participation rate and unemployment rate given the following information about an...
5. Find the labor force participation rate and unemployment rate given the following information about an economy: Population (working age) 120 Labor Force 80 PLEASE JUST ANSWER THE QUESTION 6. # Employed 70 Assume in the problem above 5 of the unemployed became discouraged workers. Calculate new official unemployment rate in this economy. Comment on your finding.
Given the following information: 1,000,000 Population 16 and older Participation rate 80% Employed workers 720,000 What...
Given the following information: 1,000,000 Population 16 and older Participation rate 80% Employed workers 720,000 What is the Unemployment Rate?
What would be the labor force participation rate and the unemployment rate in the country if...
What would be the labor force participation rate and the unemployment rate in the country if the adult population is 230 million with 175 working and 35 million looking for jobs
Please calculate the unemployment rate, the employment rate, and the labor force participation rate given the...
Please calculate the unemployment rate, the employment rate, and the labor force participation rate given the following information. Round to two decimal places. Total Population: 280,270,378 Homemakers: 18,874,567 Retired: 24,687,155 Labor Force: 225,314,672 Under the Age of 16: 30,799,600 Discouraged Workers: 9,678,228 Unemployed: 31,482,365 Underemployed: 5,977,312
10. Measuring employment, unemployment, and tabor force participation
10. Measuring employment, unemployment, and tabor force participationConsider a small economy composed of six people: Raphael, Susan, Alex, Becky, Eileen, and Clancy. Each person's employment status is described in the following table.Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person's status as employed, unemployed, "not in the tabor force" (if not in the civilian labor force but still part of the adult population), or "not in the adult population" if not in the civilian...
Question 5 a) Statistics Canada counts as employed people who work part-time but would prefer to...
Question 5 a) Statistics Canada counts as employed people who work part-time but would prefer to work full-time. Suppose the people who had part-time jobs, but wanted full-time jobs, were counted as unemployed. Explain how the unemployment rate and the labour force participation rate would change. b) The labour force survey does not count discouraged workers as unemployed. Suppose discouraged workers were counted as unemployed. Explain how the unemployment rate and the labour force participation rate would change. c) How...
QUESTION 42 Look at the table Unemployment and Employment Data. Find the unemployment rate for this...
QUESTION 42 Look at the table Unemployment and Employment Data. Find the unemployment rate for this economy. (Show Your Work) HINT: If you have given up looking for job or if you are retired you are not neither part of Labor force nor part of unemployed people. Unemployment and Employment Data in Millions Population 170 Employed 95 Unemployed and Looking for work 5 Give up Looking for work. 3 Retired 30
In the Recession Union, there are currently 2,500,000 people employed and 500,000 actively looking for work....
In the Recession Union, there are currently 2,500,000 people employed and 500,000 actively looking for work. In particular, of those unemployed, the government of the Recession Union calculates that one fourth of those who are unemployed owe their unemployment to the current economic downturn the country is experiencing. The rest are unemployed for different reasons. What is the natural rate of unemployment in the Recession Union? (Note for answering: If your answer is 20%, type into the answer box 20).
Given the following information: 1,000,000 Population 16 and older Participation rate 80% Employed workers 720,000 What is the Unemployment Rate?
10. Measuring employment, unemployment, and tabor force participationConsider a small economy composed of six people: Raphael, Susan, Alex, Becky, Eileen, and Clancy. Each person's employment status is described in the following table.Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person's status as employed, unemployed, "not in the tabor force" (if not in the civilian labor force but still part of the adult population), or "not in the adult population" if not in the civilian...
Question 5 a) Statistics Canada counts as employed people who work part-time but would prefer to work full-time. Suppose the people who had part-time jobs, but wanted full-time jobs, were counted as unemployed. Explain how the unemployment rate and the labour force participation rate would change. b) The labour force survey does not count discouraged workers as unemployed. Suppose discouraged workers were counted as unemployed. Explain how the unemployment rate and the labour force participation rate would change. c) How...
QUESTION 42 Look at the table Unemployment and Employment Data. Find the unemployment rate for this economy. (Show Your Work) HINT: If you have given up looking for job or if you are retired you are not neither part of Labor force nor part of unemployed people. Unemployment and Employment Data in Millions Population 170 Employed 95 Unemployed and Looking for work 5 Give up Looking for work. 3 Retired 30
Most questions answered within 3 hours.
-
The terms electrical and electronic have similar but
different meanings which of the following statement is...
asked 20 minutes ago -
Prince Equipment has to decide whether to obtain $1,000,000 of
financing by: (1) selling common stock...
asked 20 minutes ago -
You wish to test the claim that the mean GPA of night students
is than 2.5...
asked 1 hour ago -
A soft drink machine outputs a mean of 25 ounces per cup. The
machine's output is...
asked 1 hour ago -
Ross Co., Westerfield, Inc., and Jordan Company announced a new
agreement to market their respective products...
asked 1 hour ago -
What is the distance run by a runner 50m/hr and
60m/hr?
asked 2 hours ago -
Write a descendant selector rule that affects the <em>
element that is contained within the
<p>...
asked 2 hours ago -
The management of an electrical manufacturing plant determined
that the mean life of their 10 watt...
asked 2 hours ago -
On January 1, Year 1, Prairie Enterprises purchased a parcel of
land for $13,100 cash. At...
asked 3 hours ago -
Question 4: (3 marks)
On a recent PE-sponsored adventure education program, students
went hiking at Devil's...
asked 3 hours ago -
Programming in C#
Create a Money class that has as data members dollars and cents.
Include...
asked 3 hours ago -
A research associate working for Intragene Therapeutics prepares
an investigative PCR reaction to screen human tissue...
asked 3 hours ago