Xr04-68 The unemployment rate is an important measure of a country’s economic health. The unemployment rate measures the percentage of people who are looking for work and who are without jobs.

Another way of measuring this economic variable is to calculate the employment rate, which is the percentage of adults who are employed. Here are the unemployment rates and employment rates of 19 countries. Calculate the coefficient of determination and describe what you have learned.

Unemployment Employment Country Rate Rate Australia 6.7 70.7 Austria 3.6 74.8 Belgium 6.6 59.9 Canada 7.2 72.0 Denmark 4.3 77.0 Finland 9.1 68.1 France 8.6 63.2 Germany 7.9 69.0 Hungary 5.8 55.4 Ireland 3.8 67.3 Japan 5.0 74.3 Netherlands 2.4 65.4 New Zealand 5.3 62.3 Poland 18.2 53.5 Portugal 4.1 72.2 Spain 13.0 57.5 Sweden 5.1 73.0 United Kingdom 5.0 72.2 United States 4.8 73.1

(Source: National Post Business.)