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Consider the following labor statistics for the adult population (age 16 and older) in the US displayed in the table below (all numbers in millions).
| Employed | 100 |
|---|---|
| Unemployed | 13 |
| Not in Labor Force | 85 |
Using the data above calculate Labor Force for the US.
million
Hint
Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
Enter DNE for Does Not Exist, oo for Infinity
Consider the following labor statistics for adult population (age 16 and older) in the US displayed in the table below (all numbers in millions).
| Employed | 150 |
|---|---|
| Unemployed | 9 |
| Not in Labor Force | 85 |
Using the data above calculate unemployment rate for the US.
million
Hint
Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
Enter DNE for Does Not Exist, oo for Infinity
Consider the following labor statistics for adult population (age 16 and older) in China displayed in the table below (all numbers in millions).
| Employed | 110 |
|---|---|
| Unemployed | 8 |
| Not in Labor Force | 85 |
Using the data above calculate adult population for China.
million
Hint
Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
Enter DNE for Does Not Exist, oo for Infinity
Consider the following labor statistics for adult population (age 16 and older) in Japan displayed in the table below (all numbers in millions).
| Employed | 150 |
|---|---|
| Unemployed | 11 |
| Not in Labor Force | 75 |
Using the data above calculate labor force participation rate for Japan.
Hint
Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
Enter DNE for Does Not Exist, oo for Infinity
Consider the following labor statistics for adult population (age 16 and older) in Canada displayed in the table below (all numbers in millions).
| Employed | 110 |
|---|---|
| Unemployed | 16 |
| Not in Labor Force | 85 |
1. Using data above, calculate unemployment rate for Canada.
Hint
2. Supposed that 5 million workers become discouraged and give up looking for a job. Using data above, calculate the new unemployment rate taking into account the discouraged workers.
Hint
3. What has happened to the unemployment rate as a result of people who have given up and stopped looking for a job?
Hint
Box 1: Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 2^3, 5+4)
Enter DNE for Does Not Exist, oo for Infinity
Box 2: Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 2^3, 5+4)
Enter DNE for Does Not Exist, oo for Infinity
Box 3: Select the best answer
Consider the following labor statistics for adult population (age 16 and older) in Japan displayed in the table below (all numbers in millions).
| Employed | 150 |
|---|---|
| Unemployed | 15 |
| Not in Labor Force | 75 |
1. Using data above, calculate the unemployment rate for Japan.
Hint
2. Supposed that as a result of economic downturn 1 million workers become demoted and their status changes from full-time to part-time workers. Using data above, calculate new unemployment rate taking into account these newly created part-time workers.
Hint
3. What has happened to the unemployment rate as a result of people being changed from full-time to part-time workers?
Hint
Box 1: Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 2^3, 5+4)
Enter DNE for Does Not Exist, oo for Infinity
Box 2: Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 2^3, 5+4)
Enter DNE for Does Not Exist, oo for Infinity
Box 3: Select the best answer