The table below shows employment and population data for the nation of Westland. Working-age Population 3,000,000 # People Employed 1,500,000 Participation Rate 80% Based on the data provided in the table above, calculate the following values: Size of the Labor Force Unemployment Rate
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The table below shows employment and population data for the nation of Westland.
Working-age Population | 3,000,000 |
---|---|
# People Employed | 1,500,000 |
Participation Rate | 80% |
Based on the data provided in the table above, calculate the following values:
Size of the Labor Force | |
---|---|
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- The following table shows the annual average data on the employment status of the U.S. civilian noninstitutional population by age in 2017. Age Employed Unemployed Not in Labor Force (Thousands of People) (Thousands of People) (Thousands of People) 16 to 19 years 5,074 827 10,853 20 to 24 years 14,132 1,127 6,137 25 to 54 years 98,833 3,850 23,014 55 to 64 years 26,064 835 14,792 65 years and over 9,234 343 39,964 Total 153,337 6,982 94,759 Source: “Labor Force Statistics from the Current Population Survey.The following table shows the annual average data on the employment status of the U.S. civilian noninstitutional population by age in 2017. Age Employed Unemployed Not in Labor Force (Thousands of People) (Thousands of People) (Thousands of People) 16 to 19 years 5,074 827 10,853 20 to 24 years 14,132 1,127 6,137 25 to 54 years 98,833 3,850 23,014 55 to 64 years 26,064 835 14,792 65 years and over 9,234 343 39,964 Total 153,337 6,982 94,759 Source: “Labor Force Statistics from the Current Population Survey.”Bureau of Labor Statistics. What is the national unemployment rate? 2.7% 4.4% 7.4% 59.1% Complete the following table by computing the unemployment rate for each age group. Age Unemployment Rate 16 to 19 years 20 to 24 years 25 to 54 years 55 to 64 years 65 years and over Which of the following groups has an unemployment rate lower…Zandaland is a country with a population of 110 million. Out of this population, the number of retired people is 14 million, the number of people below working age (under 16 years) is 20 million, and the number of people under different types of institutional care is 1 million. In this country, employment amount to 55 million people and unemployment amount to 3 million people. Calculate the following and show your work: Working-age population Unemployment rate The economic activity rate Employment rate
- Canada has a working age population of 20 million. Of those 11 million are employed and 1 are unemployed. Find the unemployment rate and participation rateA country has a population of 160 million. Out of this population, the number of retired people is 23 million, the number of people below working age (under 16 years) is 39 million, and the number of people under different types of institutional care is 1.5 million. In this country, the number of the employed amount to 75 million people and the unemployed amount to 4 million people. Calculate the following and show your work Working-age population Unemployment rate The economic activity rate Employment rateUsing the following data calculate:(iv) The Labour Force Participation rate.(v) The “official” unemployment rate 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 c) Suppose that 20,000 of the employed switch to jobs in the underground economy. When interviewed by STATIN, 50% of these switchers report that they are not working and not seeking work, while the other 50% report that they are not working but seeking work. Explain what happens to the official unemployment rate and the “true” unemployment rate. (d) explain the…
- The table gives information from the Current Population Survey. What is the employment-population ratio? The employment-population ratio is ____ Answer to 1 decimal place.Using the following population and employment data for the United States (2000-2019), answer three questions. Total Population Labor Force (in (in thousands) Unemployment (in thousands) thousands) 282,434 142,583 5,692 285,545 143,734 6,801 288,600 144,863 8,378 291,049 146,510 8,774 293,708 149,401 296,639 149,320 299,801 151,428 302,045 153,124 304,906 154,287 307,007 154,142 309,438 153,889 311,663 153,617 154,995 155,389 155,922 157,130 159,187 160,320 162,075 163,539 udy Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 313,998 316,205 318,563 320,897 323,127 325,085 327,096 329,065 Instructions: Round your responses to one decimal place. If you are entering a number that is decreasing be sure to enter a negative sign (-) in front of that number. Between 2005 and 2010, by how much did a the labor force change? million b. unemployment change? million c. employment change? million ▬▬ E 8,149 7,591 7,001 7,078 8,924 14,265 14,825…The unemployment rate is the percentage of the total work force that is not working but is
- The table below uses data for the year 2003 provided by the Bureau of Labor Statistics and adjusted to be comparable to U.S. data. All values are in thousands. Fill in the blank entries in the table. Adult Labor Population Force, Country Japan 109,474 France 16,870 Germany 70,159 $9,591 Labor-Force Unemployment articipation Rate Rate Employed Unemployed 62,510 3,500 2,577 9.69 57.41Fill in the blanks using the number that corresponds to the correct word or phrase below Labor statistics Labor force participation rate underemployed Percentage or rate census Not in the Labor force Discouraged workers An individual with a college degree in finance who is working as a sales clerk would be considered . Those who have stopped looking for employment and, hence, are no longer counted in the unemployed are classified as . The percentage of adults in an economy who are either employed or who are unemployed and looking for a job is called Unemployment is calculated as a The Bureau of tracks and reports all data related to unemployment. Children should be counted as Those who have quit looking fo a job, often due to being discouraged by their inability to find suitable employment are counted as The U.S. unemployment rate, which is based on a monthly survey carried out by the U.S. Bureau.1)Total Population 330.0 million Adult, noninstitutionalized, non military population 260.0 million Unemployment 8.5 million a) If the labor force participation rate is 65% what is the labor force? b) How many workers are employed? c) What is the unemployment rate?