Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer the following The table below contains seasonally adjusted labour force survey data for Canada in March and April of 2021. Canada a) Add

Please answer the following

image text in transcribed
The table below contains seasonally adjusted labour force survey data for Canada in March and April of 2021. Canada a) Add two additional columns with the Labour force characteristics March 21 April *21 Labour force 20,351.10 20,267.50 numeric and percentage change in each of Employment 18,834.30 18,627-20 Full-time employment 15,395.90 15,266 50 the variables. (The unemployment and Part-time employment 3,438 50 3,360.70 participation rate only have a percentage Unemployment 1,516.70 1,640.30 Unemployment rate (%] 7.5% 8.1% point change not a percentage change, i.e. Participation rate (%) 65.ZK 64.9% just subtract them.) b) The unemployment rate rose by 0.6 percentage points between March and April. What happened to the labour force and the participation rate? Why does this make the unemployment rate increase worse or better? c) What was the relative change in full-time and part-time employment? Why does this make the unemployment rate increase more or less problematic? d) Why is the unemployment rate used if the level of unemployment is available in the table? e) Other than just an increase in the level and rate of unemployment, is there anything in this table which would indicate that job seekers are pessimistic

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

China's Air Pollution Problems

Authors: Claudio O Delang

1st Edition

1317209281, 9781317209287

More Books

Students also viewed these Economics questions