Assume you have the following information about an economy: Labor Force of an Economy Number of People (millions) 245.30 Population over age 16 Labor force 154.80 Not in the labor force 90.50 Employed Unemployed 146.00 8.80 Instructions: Round your answers to 2 decimal places. a. What is the unemployment rate in this economy? b. What is the labor force participation rate? c. Suppose that 0.9 million currently unemployed workers decide to no longer actively look for work. What is the unemployment rate in this economy now?

Bell-land's unemployment rate is 7.2%. The ruler of Bell-land ( a wonderful, wise middle-aged woman in a wheelchair) asks you whether this is a good rate and if it is an improvement? What is your answer? What are the issues that you need to think about before giving your answer? Explain your answer using the concepts learned in the module. Bell-land is not the same as the U.S.

Numbers of people took survey 58 number reporting at least one hour per week of paid employment 22 number working less than 30hours 7 Number of people working 30 or more hours 15 number not working but actively seeking for work 8 number of not working and not looking for work who are student 30 homemakers 1 other 5 1) what is the number of employed? 2) what is the number of unemployed? 3) what is the labor force? 4)what is the unemployment rate%? 5) why might an individual have characterized themself unemployment when in fact they is not actively seeking for a job? 6)why might an individual be counted as not in labor force when that person might actually want a job?

16. Assess whether the following would be counted as "unemployed" in the Current Employment Statistics survey. A. A husband willingly stays home with children while his wife works. B. A manufacturing worker whose factory just closed down. C. A college student doing an unpaid summer internship. D. A retiree. E. Someone who has been out of work for two years but keeps looking for a job. F. Someone who has been out of work for two months but isn't looking for a job. G. Someone who hates her present job and is actively looking for another one. H. Someone who decides to take a part time job because she could not find a full time position.

Section 3: Inflation and Unemployment The labour market Fill in the missing data in the table illustrating some labor market data for New-England Explain how the missing data was received. Data Type Working age population (x 1 000) Inactive population (x 1000) Active population (x 1 000) Employed (x 1 000) Unemployed (x 1 000) Unemployment rate (%) Activity rate (%) Employment rate (%) T1 2013 28476.9           66.6 61.8 T2 2013 28566.1         7.1 66.5   T3 2013 28667.9 9616.8 19051.1 17698.8 1352.3 7.1 66.5 61.7 T4 2013 28757.7 9681.9 19075.8 17735.3 1340.6 7 66.3 61.7 T1 2014   9737   17748.3       61.5 T2 2014 28912 9812.2 19099.8 17762 1337.7 7 66.1 61.4 T3 2014 29001.8 9868.1 19133.7 17791.7 1342 7 66 61.3 T4 2014 29073.7       1290.9 6.7     T1 2015 29138.7 9983 19155.7 17873.1 1282.5 6.7 65.7…

Economic

The country of Bada has collected the following information:    Population (working age).   240,000    Employed         180,000    Unemployed      30,000    Calculate:    Labor Force =    Unemployment rate =    Labor-force participation rate =    Classify each of the following individuals in one of the following categories: employed, unemployed, or not in the labor force.  - Last week, Elizabeth worked 10 hours as a computer programmer for the National Video Company and attended night classes at the local college. She would prefer a full-time job.

Question 2 Look at the table below reporting unemployment data about the population of SuperbCity in 2001, 2011, 2021. What is the size of the labour force in 2001, 2011, 2021? How many were officially unemployed in 2001, 2011, 2021?

Household Employment Data (Numbers in billions)   Working age Population Labor Force Employed Unemployed October 2019 259.8 164.4 158.5 5.8 July 2020 260.4 159.9 143.5 17.8 October 2020 260.9 160.9 149.8 11.1 Source:  https://www.bls.gov/news.release/empsit.t01.htm   Let’s calculate labor force participation and the unemployment rate for October 2019.     X 100       Labor Force Participation Rate =     People in the Labor Force       Total Working Age Population X 100     = 164.4      259.8   = 0.6327 X 100   = 63.3%     X 100   Unemployment Rate = Unemployed People X 100                                                                  Total Labor Force                                                             =   5.8                                                                   164.4                                                                        = 0.0353 X…

Assume the following data for a country: Number of People, Millions Category Total population Population under 16 years of age or institutionalized 500 120 Not in the labor force 140 Unemployed Part-time workers looking for full-time jobs 12 10 Instructions: Enter your answers as a whole number. a. What is the size of the labor force? million b. What is the official unemployment rate? percent