Question
In Australia, the Australian Bureau of Statistics (ABS) is responsible for collecting labor market data. The ABS conducts a survey each month - called the
In Australia, the Australian Bureau of Statistics (ABS) is responsible for collecting labor market data. The ABS conducts a survey each month - called the Labour Force Survey. The followingis a report from an ABS survey taker:
"There were 85 people in the houses I visited. Ten of them were children under 16, 35 people had full-time jobs, and 15 had part-time jobs. There were 6 retirees, 4 full-time homemakers, 5 full-time students over age 16, and 3 people who were disabled and cannot work. The remaining people did not have jobs, but all said they would like one. Two of these people had not looked actively for work for 3 months, however."
Find the unemployment rate, and the participation rate implied by the survey taker's report.
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