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Hey can you help me solve this Port A: Unemployment a. The following table shows some labour characteristics for a sub-group of the Canadian population
Hey can you help me solve this
Port A: Unemployment a. The following table shows some labour characteristics for a sub-group of the Canadian population in 1982, 1992, 1995 and 2019 (Statistics Canada, Tables1410-0287-01). The columns are the population of that sub-grou ps (Pop), the labour force (LP), the employment (E), the unemployments(U), the unemployment rate (UR), the participation rate (PR) and the employment rate (ER). The rst four columns are in thousands of individuals and the last three in percentage. Fill the empty cells. Round your answers to the nearest rst decimal using the same measurement units. Labour characteristics for a sub-group of the Canadian population in 1982, 1992,1995 and 2019 (Statistics Canada, Table 14-10-0287-01) Year Pop LF E U UR PR ER 1982 4443 1309 1223 86 Number Number Number 1992 5446 1356 1238 1 18 8.702 24.899 22.732 1995 5718 Number Number 105 7.709 Number Number 2019 Number 4376 Number Number Number 38.062 36.157 b. Using the above table, what is the new unemployment rate in 1992 if 20 thousand unemployed workers stop looking for a job? Express your answer in percentage rounded to the nearest rst decimal. Number c. Using the above table, suppose that the 1.5% of the labour force become unemployed every month in 1992. What is the approximated duration of unemployment on average in months? Round your answer to the nearest rst decimal. NumberStep by Step Solution
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