How do you calculate the unemployment rate? How do you calculate
the labour force participation rate?...
How do you calculate the unemployment rate? How do you calculate
the labour force participation rate? Are all adults who do not hold
jobs counted as unemployed?
8. Unemployment rate, employment rate and
labour force participation rate are three typical measures for
economic conditions. Answer the followings.
a. Explain the basic concepts of labour force
participation rate, employment rate, unemployment rate
b. Describe circumstances under which that
measure would be preferred to the other two.
c. Under what conditions will these three
measures all move in the same directions? Under what conditions
would these move in opposite directions?
*unemployment
labor force
unemployment rate
employed worker
unemployed worker
__________________
problem:
unemployment rate
participation rate
employment population rate
_______________________________
type of unemployment:
_________________________________
how to measure value added:
define value added and its relation with GDP.
difference between GDP & GNP.
1) How is the labour-force
participation rate defined?
A
(Employed ÷ Adult population) × 100
B
(Adult population ÷ Labour force) × 100
C
(Labour force ÷ Adult population) × 100
D
(Employed ÷ Labour force) × 100
2) A foreign governmental statistics
agency recently reported that there were 37.6 million people over
age 25 who had at least a bachelor's degree. Of this number, 28.0
million were in the labour force and 25.9 million were employed.
What was the...
The natural rate of unemployment in Thailand is about 1% and the
labor force participation rate is about 68%. Interpret these
values. What does it mean for the Thailand’s economy and
population? Why is the U-rate so low?
The natural rate of unemployment in Thailand is about 1% and the
labor force participation rate is about 68%. Interpret these
values. What does it mean for the Thailand’s economy and
population? Why is the U-rate so low?
2. The USA's natural rate of unemployment is about 1%, and the
labor force participation rate is about 60%. Interpret these
values. What does it mean for the US economy and population? Why is
the Unemployment rate so low? Please, explain clearly and show how
to calculate. Thank you.
The labour force participation rate is
Select one:
the percentage of the working-age population who are
employed
the percentage of the labour force who are unemployed or
employed
the percentage of the working-age population who are either
unemployed or employed
the percentage of the labour force who are employed
equal to the employment rate plus the unemployment rate
Question 2
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Question text
Which one of the following people is structurally
unemployed?
Select...
31. The unemployment rate and the labor force participation are
two labor statistics that are used to analyze the economy. In each
of the scenarios below, state the impact that the event will have
of both the labor force participation rate and the unemployment
rate. Explain your answers using the formulas to calculate labor
force participation and the unemployment rate that were discussed
in this unit.
a. A car manufacturing company goes bankrupt and is forced to
lay off all...
Labour Market – Definition & measurement
of:
Unemployment rate
Participation rate
Involuntary part-time
rate
Working-age population
Labour force
Employment
Unemployment Employment-population ratio
Types of unemployment – e.g., frictional, structural,
cyclical
Definition of full employment (Tip: full
employment does not mean zero unemployment)
Natural rate of unemployment
Unemployment and the business cycle
(Note: unemployment tends to rise when the economy is contracting
(in recession) and fall when the economy is in an
expansion.