Question

In 2019, Nimeria had a labour force of 18,235,200, employment of 16,118,250, and there were 8,888,800...

  1. In 2019, Nimeria had a labour force of 18,235,200, employment of 16,118,250, and there were 8,888,800 working-age people not in the labour force.
  1. Calculate the unemployment rate.

  1. Calculate the participation rate.

  1. Calculate the employment ratio (employment rate).
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Answer #1

(a) Unemployed = Labor force - Employed

= (18,235,200- 16,118,250)

= 2,116,950

Unemployment rate= (Unemployed/ Labor force)100= (2,116,950/18,235,200)100= 11.61%

(b) Labor force participation rate = (Labor force/ total population)100

Total population = Labor force + 8,888,800
Total population = 18,235,200 + 8,888,800 = 27,124,000

Labor force participation rate = (18,235,200/ 27,124,000)100= 67.23%

(c) Employment rate = (Employed /Labor force)100= (16,118,250/18,235,200)100

= 88.39%

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