Question

A government agency provides labour data as presented in the table below. Based on this data,...

A government agency provides labour data as presented in the table below. Based on this data, answer the following questions.

in thousands

Both sexes, 15 years and over

Population

50,400

Labour force

____________

Employed

16,650

Unemployed

4,000

Participation rate

____________

Unemployment rate

____________

Employment rate

____________
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Homework Answers

Answer #1

Population = 50400

Labor force = Employed + Unemployed

Employed = 16650

Unemployed = 4000

Hence, the labor force = 16650 + 4000 = 20650

Unemployment rate = Unemployed/Labor force = 4000/20650 = 19.37%

Employment rate = Employed/Labor force = 16650/20650 = 80.63%

Participation rate = Labor force/Population of 15 years and over = 20650/50400 = 40.97%

Hence, the complete table is:

Both sexes, 15 years and over in thousands
Population 50,400
Labour force 20650
Employed 16,650
Unemployed 4,000
Participation rate 40.97%
Unemployment rate 19.37%
Employment rate 80.63%
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