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International Comparison of Unemployment Rates Country 1970 1975 1980 1985 Ulidia 4% 2.8% 3.4% 6.0% Agreriven 7% 6.0% 5.7% 4.5% Saede 3% 4.5% 3.4% 5.2%
International Comparison of Unemployment Rates Country 1970 1975 1980 1985 Ulidia 4% 2.8% 3.4% 6.0% Agreriven 7% 6.0% 5.7% 4.5% Saede 3% 4.5% 3.4% 5.2% Galoiri 5% 7.0% 5.5% 2.5% Based on the following table comparing fictional international country unemployment rates, the country of Ulidia seems to have had fairly low unemployment rate throughout the years until 1985. Ulidia is however, a developing country. The Ministry of the Economy reports a 65% labor force participation rate and a 6% unemployment rate in 1985. Knowing it is a developing economy, why might the 6% rate be inaccurate? It is inaccurate because Ulidia has a large portion of the working-age population that participates in the informal economy of short-term work, bartering, or other subsistence activities. It is inaccurate because it is not including the military jobs in the labor pool participation. It is inaccurate because it is not adequate compared with other countries' unemployment rates
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