Question
In June 2001, the adult population in Canada was 24406300, the labour force 16332500 and the number of unemployed individuals 1101900. Assume that after these
In June 2001, the adult population in Canada was 24406300, the labour force 16332500 and the number of unemployed individuals 1101900. Assume that after these number were published, you learned that Canada accepted 1000000 immigrants, out of which 700000 had job offers and thus are working, and 300000 are unemployed and looking for jobs. Taking this new information into account,
i.Compute the unemployment rate. Show your work.
ii.Compute the labour force participation rate.Show your work.
iii. Compute the employment rate.Show your work.
iv.Now assume that 100000 of the 300000 unemployed immigrants stopped looking for jobs and started working under the table. Compute the labour force participation rate. Show your work.
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