987,156 Currently Working 9845 (ages 13-14) looking for work 23,000 volunteer workers 12,000 (ages 15) looking for work 56 family workers who worked 15 hrs a week 45,600 Part-Time workers 234 Self-Employed 67,432 (ages 23-25) looking for 6543 Discouraged Workers 67,890 laid off receptionists looking for work Current population is 6,000,000 work 544,321 (ages 16-20) looking for work 5654 Temp Workers 543 recent university graduates that are going back to graduate 5000 armed forces 3500 institutionalized school Using the data above calculate: i. The number of persons employed. ii. The number of persons unemployed. The labour force The Labour Force Participation rate. The "official" unemployment rate. ii. 1v. V.
987,156 Currently Working 9845 (ages 13-14) looking for work 23,000 volunteer workers 12,000 (ages 15) looking for work 56 family workers who worked 15 hrs a week 45,600 Part-Time workers 234 Self-Employed 67,432 (ages 23-25) looking for 6543 Discouraged Workers 67,890 laid off receptionists looking for work Current population is 6,000,000 work 544,321 (ages 16-20) looking for work 5654 Temp Workers 543 recent university graduates that are going back to graduate 5000 armed forces 3500 institutionalized school Using the data above calculate: i. The number of persons employed. ii. The number of persons unemployed. The labour force The Labour Force Participation rate. The "official" unemployment rate. ii. 1v. V.
Chapter11: Labor Markets
Section: Chapter Questions
Problem 3SQP
Related questions
Question
Please help
![987,156 Currently Working
9845 (ages 13-14) looking for
work
45,600 Part-Time workers
23,000 volunteer workers
12,000 (ages 15) looking for work
56 family workers who worked 15
hrs a week
6543 Discouraged Workers
67,890 laid off receptionists
looking for work
Current population is 6,000,000
234 Self-Employed
67,432 (ages 23-25) looking for
work
544,321 (ages 16-20) looking for
work
5654 Temp Workers
543 recent university graduates
that are going back to graduate
school
5000 armed forces
3500 institutionalized
Using the data above calculate:
The number of persons employed.
The number of persons unemployed.
i.
ii.
ii.
The labour force.
The Labour Force Participation rate.
The "official" unemployment rate.
1v.
V.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F65d45473-5d0f-4c8f-9bde-048d2f5a4289%2F16cc38c2-ef55-4033-aea2-1fa9aec5b826%2Fz0hlclkk_processed.jpeg&w=3840&q=75)
Transcribed Image Text:987,156 Currently Working
9845 (ages 13-14) looking for
work
45,600 Part-Time workers
23,000 volunteer workers
12,000 (ages 15) looking for work
56 family workers who worked 15
hrs a week
6543 Discouraged Workers
67,890 laid off receptionists
looking for work
Current population is 6,000,000
234 Self-Employed
67,432 (ages 23-25) looking for
work
544,321 (ages 16-20) looking for
work
5654 Temp Workers
543 recent university graduates
that are going back to graduate
school
5000 armed forces
3500 institutionalized
Using the data above calculate:
The number of persons employed.
The number of persons unemployed.
i.
ii.
ii.
The labour force.
The Labour Force Participation rate.
The "official" unemployment rate.
1v.
V.
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