In addition to employed and unemployed, some economists identify a third category, non-employed, consisting of people who
Question:
In addition to “employed” and “unemployed,” some economists identify a third category, “non-employed,” consisting of people who may not be looking for a job but are available to work, if offered a job. The non-employment rate in member countries of the Organisation for Economic Co-operation and Development (OECD) increased between 2007 and 2014, particularly among young people, men, and low-skilled workers.
a) If the non-employment rate in Canada is 11.2%, what is that a percentage of? Refer to Understanding Your Data: “Canadian Unemployment Rate” for more information on this subject.
b) Does “non-employed” include people who are “unemployed”?
Step by Step Answer:
Business Statistics
ISBN: 9780133899122
3rd Canadian Edition
Authors: Norean D. Sharpe, Richard D. De Veaux, Paul F. Velleman, David Wright