1) laborforce=unemployed+employed
=100000+ 10000=110000
2) unemployment rate ,U=(unemployed/labor)×100
U=(100000/110000)×100= 9.09%
3) labor participation, P=(labor/population)×100
P=(110000/120000)×100
P=91.7%
4) employment: population
=100000/120000
=1:1
5) natural rate,
N=((frictional+structural)/labor)×100
N=(7000/110000)×100= 6.4%
Comments
Leave a comment