Question

5. The table below uses data provided by the Labor Statistics Data. All values are in thousands.

Country	Adult Population	Labor Force	Employed	Unemployed	Unemployment Rate	Labor-Force Participation Rate
Japan	109,474		62,510	3,500
France		26,870		2,577		57.41
Germany	70,159	39,591			9.69

a. Calculate and fill in the blank entries in the table above. Show your calculations.

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b. Comment on the unemployment rate of those three countries.

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[Total: 15 marks]

Answer 1

(a)

Country	Adult population	Labor force =Employed+ Unemployed	Employed	Unemployed	Unemployment rate =(Unemployed/Labor force)100	Labor-force participation rate = (Labor force/Adult population)100
Japan	109474	(62510+3500)=66010	62510	3500	(3500/66010)100=5.30%	(66010/109474)100=60.3%
France	(26870/57.41)100= 46803.69	26870	(26870-2577)=24293	2577	(2577/26870)100=9.59%	57.41%
Germany	70159	39591	35754.63	(39591)(9.69)/100=3836.37	9.69%	(39591/70159)=56.43%

(b) As we can see in the above table that Germany has the highest unemployment rate and Japan has the lowest unemployment rate. In Japan 5.30% are unemployed , In France 9.59% are unemployed and in Germany 9.69% are unemployed.