3) In the country of Upper Sasdonia of Alemania, in the first semester, there are 60...

3) In the country of Upper Sasdonia of Alemania, in the first semester, there are 60 people employed, 25 unemployed, and 15 out of the labor force. At the end of the first semester, 5 workers got fired and are still searching, 10 workers got fired but aren’t searching, 5 unemployed people got hired, 10 unemployed workers got discouraged, 5 out of the labor force found a job directly, and 5 out of the labor force started searching.

a. What is the unemployment rate during the first semester?

b. What is the participation rate during the first semester?

c. How many people are employed/unemployed/out of the labor force in the second semester?

d. What is the unemployment rate during the second semester?

e. What is the participation rate during the second semester?

f. What can you conclude about the state of the labor market during the year?

Expert Solution

note: for every event of changes there are simultaneous changes in employment, unemployment, labour force and in outof labour force. For every event i have used plus(+) and minus(-) term to indicate what changes has occurred. Think about that i hope you will find them correct. If you not get any point please ask .thank you !

Rahul Sunny answered 2 years ago

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