This assignment requires you to apply the formula for calculating unemployment and practice your understanding of its components Unemployment is an important economic indicator for the health of an economy. No one wants to be unemployed, especially for a longer period of time. Fill in the missing values in the table of data collected in the household survey for November 2021. The working-age population, employment, unemployment, and labor force are measured in thousands. Show your work. 2020 Household Survey Working-age population 235,900 Employment Unemployment Unemployment rate 9.4% Labor force Labor force participation rate 65.5%
This assignment requires you to apply the formula for calculating unemployment and practice your understanding of its components Unemployment is an important economic indicator for the health of an economy. No one wants to be unemployed, especially for a longer period of time. Fill in the missing values in the table of data collected in the household survey for November 2021. The working-age population, employment, unemployment, and labor force are measured in thousands. Show your work. 2020 Household Survey Working-age population 235,900 Employment Unemployment Unemployment rate 9.4% Labor force Labor force participation rate 65.5%
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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This assignment requires you to apply the formula for calculating unemployment and practice your understanding of its components
Unemployment is an important economic indicator for the health of an economy. No one wants to be unemployed, especially for a longer period of time. Fill in the missing values in the table of data collected in the household survey for November 2021. The working-age population, employment, unemployment, and labor force are measured in thousands. Show your work.
2020 Household Survey
| Working-age population | 235,900 |
|---|---|
| Employment | |
| Unemployment | |
| Unemployment rate | 9.4% |
| Labor force | |
| Labor force participation rate | 65.5% |
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