In Canada between June and July in 2016, the number of full-time jobs increased by 63,200...

In Canada between June and July in 2016, the number of full-time jobs increased by 63,200 while part-time jobs fell by 108,800. The unemployment rate increased from 6.4 percent to 7.2 percent. The labour force participation rate increased from 66.5 percent to 66.6 percent.

a) Explain the link between the rise in the participation rate and the rise in the unemployment rate.

b) If all the workers who entered the job market were discouraged searchers, explain how the R5 unemployment would have changed.

c) Think about this question independently from the article above. A high unemployment rate tells us that a large percentage of the labour force is unemployed but not why the unemployment rate is high. What unemployment measure tells us if (i) people are searching longer than usual to find a job, (ii) more people are involuntary part-time workers, or (iii) more unemployed people are discouraged searchers?

Solutions

Expert Solution

Rahul Sunny answered 2 years ago

Next > < Previous

Related Solutions

A bond that settles on June 7, 2016, matures on July 1, 2036, and may be...

A bond that settles on June 7, 2016, matures on July 1, 2036, and may be called at any time after July 1, 2026, at a price of 166. The coupon rate on the bond is 7.6 percent and the price is 178.00. What are the yield to maturity and yield to call on this bond? Yield to maurity: Yield to call:

A bond that settles on June 7, 2016, matures on July 1, 2036, and may be...

A bond that settles on June 7, 2016, matures on July 1, 2036, and may be called at any time after July 1, 2026, at a price of 170. The coupon rate on the bond is 6 percent and the price is 187.00. What are the yield to maturity and yield to call on this bond? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) yield to maturity and yield to call?

Assume a household of 2 adults working at full time jobs paying minimum wage, with 2...

Assume a household of 2 adults working at full time jobs paying minimum wage, with 2 elementary school age children. Please create a monthly budget for this family and explain each budget line item. Remember to take 15% off their gross earning for taxes. Explain some of the challenges this family will face. Here we are with around 4% unemployment rate or less. Why are so many people living in poverty in America? Where are they located geographically? What about...

The dean of a University estimates that the mean number of classroom hours for full time...

The dean of a University estimates that the mean number of classroom hours for full time faculty is 11.0. As a member of sydent council, you want to test the claim. A sample of the number of classroom hours for 8 full-time faculty is shown below. 11.8 6.4 8.6 10.4 12.6 13.6 7.9 9.1 At the .01 level of significance, is the Dean’s claim valid? Use the P-value approach. Clearly state the null and alternative hypotheses. Locate the claim and...

The number of hours that should be worked by a full-time bar attendant is stipulated in...

The number of hours that should be worked by a full-time bar attendant is stipulated in the Queensland award as 36.25 hours per week. However, the secretary of the Queensland Council of Unions believes that the average work hours per week of full-time bar attendants is not that specified in the award. From a random sample of 38 workers, it was found that the average working week was 36.65 hours with a variance of 0.85 hours squared. On the basis...

The data contained in <professional> are the number of males employed full time in a professional...

The data contained in <professional> are the number of males employed full time in a professional occupation in Australia from August quarter 1996 to August quarter 2008. Time period Male full-time employed professionals ('000) Aug-96 645.6 Nov-96 675 Feb-97 661.2 May-97 659.9 Aug-97 675.2 Nov-97 700.5 Feb-98 710.7 May-98 697.8 Aug-98 711.1 Nov-98 733.6 Feb-99 751 May-99 730.4 Aug-99 704.2 Nov-99 725.7 Feb-00 735.2 May-00 743.7 Aug-00 742.7 Nov-00 746.4 Feb-01 762.7 May-01 760.5 Aug-01 765.8 Nov-01 752.7 Feb-02 759.6...

Although the number of physicians and nurses has steadily increased over time there continues to be...

Although the number of physicians and nurses has steadily increased over time there continues to be concern about impending shortages of physicians and nurses. Recently there has been more concern about physician burnout. 1. What role does student debt play in this workforce market? 2. How could physician and nursing shortages be altered by policy changes (wages, policy, substitution, barrier changes)?

in a study of 140 women, the relationship between working status (full time, part time, not...

in a study of 140 women, the relationship between working status (full time, part time, not working).and obesity (BMI <30 or not) would be examined using which of the following statistical test chi square independent t test McNemar test paired t test

2. On July 1, Kauffman Oddjobs had two jobs in process as listed below. Job Number...

2. On July 1, Kauffman Oddjobs had two jobs in process as listed below. Job Number Material costs Labor hours 501 1,068 65 504 2,280 240 Before the year began, Kauffman CFO estimated that total overhead costs for the year would be $377,000 and that he would be able to bill 65,000 direct labor hours of time. Workers at Kauffman are paid 21 per hour. It appears that actual overhead costs for the year will be $389,500 and that Kauffman...

A study was conducted of recent high school graduates who began full-time jobs rather than going...

A study was conducted of recent high school graduates who began full-time jobs rather than going to college. We wish to find the average starting income µ of such workers. A random sample of size 60 gave a sample mean of $24,500 with a population standard deviation of $2350.Round answers to 2 decimal places. Find the standard error. Identify the upper and lower z score for a 95% confidence interval for µ. Calculate the upper and lower bounds of the...

Subjects