Question

In: Economics

Employment status 2018 2019 Adult population 257,791 259,175      Labor force 162,075 163,539            Participation rate...

Employment status

2018

2019

Adult population

257,791

259,175

     Labor force

162,075

163,539

           Participation rate

62.9%

           Employed

155,761

157,538

           Unemployed

6,314

                Unemployment rate

3.9%

Duration of unemployment

Less than 5 weeks

2,170

2,086

5 to 14 weeks

1,876

1,789

15 to 26 weeks

2,268

2,126

27 weeks and over

1,350

1,266

Part-time due to economy

3,564

3,207

Part-time due to choice

22,072

22,175

Discouraged workers

423

382
  1. Calculate the participation rate for 2019.
  2. Calculate the unemployment rate for 2019.
  3. Do you think the outlook was positive or negative at the end of 2019?


    why was it positive or negative?

Solutions

Expert Solution

Rahul Sunny answered 1 year ago
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