Homework Answers
a. Unemployment rate = Unemployed / labour force * 100
= 9.4 / 153.6 * 100
= 6.119 or (6.12 %)
b. Labour force participation rate = labour force / adult population * 100
= 153.6 / 243.8 * 100
= 63.00 or (63 %)
c. Unemployment rate (including discouraged workers) = unemployed + Discouraged / labour force + Discouraged * 100
= 9.4 + 0.9 / 153.6 + 0.9 * 100
= 10.3 / 154.5 * 100
= 6.66 %
d. New labour force participation rate = Labour force + discouraged / Adult population * 100
= 154.5 / 243.8 * 100
= 63.37 %
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