We are given the following information for UWI Land. At the start of the period, there are 334,250 employec workers, 15,750 unemployed and 150,000 not in the labour force. During the period 500 workers lost their jobs but are currently looking for a new one; 1000 employed workers decided to retire; 2500 were unemployed but just started a new job. Of the workers not in the labour force 5,000 workers entered the labour force but are still looking for a job and 21,000 workers just found a job. ● ● • How many workers are employed? How many workers are unemployed? How many workers were in the labour force? How many workers are not in the labour force? • Calculate the unemployment rate. %
We are given the following information for UWI Land. At the start of the period, there are 334,250 employec workers, 15,750 unemployed and 150,000 not in the labour force. During the period 500 workers lost their jobs but are currently looking for a new one; 1000 employed workers decided to retire; 2500 were unemployed but just started a new job. Of the workers not in the labour force 5,000 workers entered the labour force but are still looking for a job and 21,000 workers just found a job. ● ● • How many workers are employed? How many workers are unemployed? How many workers were in the labour force? How many workers are not in the labour force? • Calculate the unemployment rate. %
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter21: Unemployment
Section: Chapter Questions
Problem 11RQ: If you an? out of school but working part time, are you considered employed or unemployed in U.S....
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