Question

if you have a population of 85000 which 40000is in the cicilian labor force and 45000...

if you have a population of 85000 which 40000is in the cicilian labor force and 45000 is not on the cilvilian labor force and the number of employed persons is 37500 what would be the unemployment rate
Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Unemployment Rate = Unemployed persons / Civilian Labor Force x 100

Civilian Labor Force = Employed + Unemployed

From the above question, we have the following information

Civilian Labor Force = 40000

Employed = 37500

That means unemployed will be equal to

Unemployed = Civilian Labor Force - Employed

Unemployed = 40000 - 37500

Unemployed = 2500

Unemployment Rate = Unemployed persons / Civilian Labor Force x100

Unemployment Rate = 2500 / 40000 x 100

Unemployment Rate = 6.25%

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The labor force participation rate is calculated as the #randomize A.labor force divided by the number...
The labor force participation rate is calculated as the #randomize A.labor force divided by the number of persons employed then multiplied by 100 B. number of persons unemployed divided by the labor force then multiplied by 100 C. labor force divided by the unemployment rate then multiplied by 100
Adult population-150 million Labor force-100 million Employed persons-90 million Discouraged workers-10 million According to the table,...
Adult population-150 million Labor force-100 million Employed persons-90 million Discouraged workers-10 million According to the table, the unemployment rate (U3) is ....? Assume that 10 million of the employed persons are part time for economic reasons. Then the U4 and U5 rates of unemployment as calculated by the BLS would be ____________ and ______________. Employed persons/ labor force = Unemployment Rate Define the three major categories of unemployed persons and the public policies that might be adopted to reduce each...
The table below shows unemployment and labor force statistics for an economy. Actual rate of unemployment...
The table below shows unemployment and labor force statistics for an economy. Actual rate of unemployment 3% Natural rate of unemployment 4% Population of the country 125 million Number of people employed 97 million Number of people unemployed 3 million Number of people employed part time 5 million Number of people discouraged workers 2 million Calculate the size of the labor force. Calculate the labor force participation rate. Show your work. Given the state of the economy described in the...
If the empolyment -population ratio is 75 percent and the labor force participation rate is 80...
If the empolyment -population ratio is 75 percent and the labor force participation rate is 80 percent, which of the following is true?? A.the number of employed>the number out of the labor force>the number of unemployed. B. the number of employed>the size of the labor force>the number of unemployed. C.the size of the labor force>the number of unemployed>the number of employed
Part 1- The towns of Sawyer and Thatcher each have a labor force of 1,500 people....
Part 1- The towns of Sawyer and Thatcher each have a labor force of 1,500 people. In Sawyer, 100 people were unemployed for the entire year, while the rest of the labor force was employed continuously. In Thatcher, every member of the labor force was unemployed for 1 month and employed for 11 months. a. What is the average unemployment rate over the year in each of the two towns? Instructions: Enter your responses rounded to one decimal place. Sawyer:...
Which of the following would cause a decline in the labor force participation rate? An increase...
Which of the following would cause a decline in the labor force participation rate? An increase in the number of discouraged workers in the country. Many employed workers get laid off and now are looking for new jobs. High wages entice retirees (those outside the labor force) to begin searching for work. A decrease in the unemployment rate.
An economy has a working age population of 750. The size of the labor force is...
An economy has a working age population of 750. The size of the labor force is 520 and 440 people are employed.             e) Recalculate the unemployment rate, labor force participation rate, and employment       population ratio after the following events:                         i) Someone looking for a job becomes discouraged and quits looking                         ii) Someone retires                         iii) Someone looking for a job gets a job             e) Explain how a falling unemployment rate can be a sign of...
Homemakers are not included in the employment or labor force totals compiled by the Bureau of...
Homemakers are not included in the employment or labor force totals compiled by the Bureau of Labor Statistics household survey. They are included in the working-age population totals. Suppose that homemakers were counted as employed and included in the labor force statistics. How would that change affect the following: (a) labor force; (b) labor force participation rate; (c) unemployment rate, and (d) the employment-population ratio?
2. Discouraged workers Which of the following statements correctly describe discouraged workers? (If none of the...
2. Discouraged workers Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. They are full-time workers who would like to work only part-time. They have given up on looking for a job. They are employed workers who want to earn higher wages. They are counted as part of the labor force by the Bureau of Labor Statistics. The following table contains U.S. employment information...
Define labor force participation rate and list three reasons that causes an increase in the female...
Define labor force participation rate and list three reasons that causes an increase in the female labor force participation rate. The following labor statistics is presented to you are the data for males and females ages 16 and over in the imaginary country of Lakita. Not in labor force 45 million; Unemployed 5 million; Employed 85. What is the adult population in Lakita? What is the unemployment rate in Lakita? What is the labor force participation rate for Lakita?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT