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15 January, 15:34

What can we learn from the employment data? Assume Country X has the following statistics: Total relevant population = 50,000,000 Full-time students = 4,200,000 Not employed and not currently searching for jobs = 6,000,000 Not employed and currently searching for jobs = 2,336,000 Currently employed = 29,664,000

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  1. 15 January, 15:38
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    Country x

    Population size 50,000,000

    Full time students 4,200,000

    Not employed & not searching 6,000,000

    Not employed and searching 2,336,000

    Employed 29,664,000

    Labour force is defined as the population of the economy currently engaged in some employment and those jobless but available or searching for employment

    Labour force is 32,000,000

    Labor force participation rate is the labor force divided by the population size.

    = 64%

    Unemployment rate is defined as members of a country not employed and are searching or seeking employment.

    = 4.7%
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Home » Business » What can we learn from the employment data? Assume Country X has the following statistics: Total relevant population = 50,000,000 Full-time students = 4,200,000 Not employed and not currently searching for jobs =
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