Answered step by step
Verified Expert Solution
Question
1 Approved Answer
June to July June 2019 July 2019 July 2018 to July 2019 2019 in thousands Seasonally adjusted in thousands change in thousands Both sexes,
June to July June 2019 July 2019 July 2018 to July 2019 2019 in thousands Seasonally adjusted in thousands change in thousands Both sexes, 15 years and over Population 30 466.3 30 508.7 42.4 449.9 Labour force 20 531.5 20 541.0 9.5 340.0 Employment 18 908.8 18898.6 -10.2 443.1. Unemployment 1 622.7 1 642.3 19.6 -93.1 a. Between July 2018 and July 2019, employment has increased by 443,100 workers, but the labour force increased by only 340,000 workers. Explain the difference in these numbers. Is it possible that the increase in labour force is greater than the increase in employment? b. During the same period, employment increased by 443,100 workers, but unemployment decreased by only 93,100. Are these data plausible? How could this difference be explained?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Lets break down the given data and analyze the questions based on the provided information Data Summary Population 15 years and over June 2019 304663 thousand July 2019 305087 thousand Change June to ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started