Answered step by step
Verified Expert Solution
Link Copied!

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 ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Statistics A Decision Making Approach

Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry

9th Edition

013302184X, 978-0133021844

More Books

Students also viewed these Business Communication questions

Question

What do you call your problem (or illness or distress)?

Answered: 1 week ago

Question

What is the purpose of a retaining wall, and how is it designed?

Answered: 1 week ago

Question

How do you determine the load-bearing capacity of a soil?

Answered: 1 week ago

Question

what is Edward Lemieux effect / Anomeric effect ?

Answered: 1 week ago

Question

Define Management by exception

Answered: 1 week ago