a. The following table shows some labour characteristics for a sub-group of the Canadian population in 1998, 2006, 2009 and 2012 (Statistics Canada, Tables14-10-0287-01). The columns are the population of that sub-groups (Pop), the labour force (LF), the employment (E), the unemployments(U), the unemployment rate (UR), the participation rate (PR) and the employment rate (ER). The first four columns are in thousands of individuals and the last three in percentage. Fill the empty cells. Round your answers to the nearest first decimal using the same measurement units. Labour characteristics for a sub-group of the Canadian population in 1998, 2006, 2009 and 2012 (Statistics Canada, Table 14-10-0287- 01) Year Pop LF E U UR PR ER 1998 10040 8171 7467 704 Number Number Number 2006 11060 9076 8482 594 6.545 82.061 76.691 2009 11413 Number Number 904 9.692 Number Number 2012 Number 9514 Number Number Number 81.316 74.94 b. Using the above table, what is the new unemployment rate in 2006 if 20 thousand unemployed workers stop looking for a job? Express your answer in percentage rounded to the nearest first decimal. Number c. Using the above table, suppose that the 1.5% of the labour force become unemployed every month in 2006. What is the approximated duration of unemployment on average in months? Round your answer to the nearest first decimal. Number
a. The following table shows some labour characteristics for a sub-group of the Canadian population in 1998, 2006, 2009 and 2012 (Statistics Canada, Tables14-10-0287-01). The columns are the population of that sub-groups (Pop), the labour force (LF), the employment (E), the unemployments(U), the unemployment rate (UR), the participation rate (PR) and the employment rate (ER). The first four columns are in thousands of individuals and the last three in percentage. Fill the empty cells. Round your answers to the nearest first decimal using the same measurement units. Labour characteristics for a sub-group of the Canadian population in 1998, 2006, 2009 and 2012 (Statistics Canada, Table 14-10-0287- 01) Year Pop LF E U UR PR ER 1998 10040 8171 7467 704 Number Number Number 2006 11060 9076 8482 594 6.545 82.061 76.691 2009 11413 Number Number 904 9.692 Number Number 2012 Number 9514 Number Number Number 81.316 74.94 b. Using the above table, what is the new unemployment rate in 2006 if 20 thousand unemployed workers stop looking for a job? Express your answer in percentage rounded to the nearest first decimal. Number c. Using the above table, suppose that the 1.5% of the labour force become unemployed every month in 2006. What is the approximated duration of unemployment on average in months? Round your answer to the nearest first decimal. Number
Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter8: Economic Fluctuations, Unemployment, And Inflation
Section: Chapter Questions
Problem 7CQ
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