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Question with details and fill in the blanks below The table gives information about the labor market in April and May 2017 in the economy
Question with details and fill in the blanks below
The table gives information about the labor market in April and May 2017 in the economy of Sandy Island. Calculate for April 2017 Labor Market Data Number a. The unemployment rate. In April 2017 b. The employment-to-population ratio. Employed 20,000 And calculate for the end of May 2017 Unemployed 3,000 c. The number of people unemployed. Not in labor force 6,000 d. The number of people employed. e. The unemployment rate. During May 2017 > >> Answer to 1 decimal place. Lost jobs and didn't look for new jobs 100 Quit jobs and retired 20 Unemployed who were hired 100 Unlucky job searchers left the labor force 50 In April 2017: Entered the labor force to look for work 40 The unemployment rate is |percent The employment-to-population ratio is |percent. At the end of May 2017: The number of people unemployed is The number of people employed is]. The unemployment rate is percentStep by Step Solution
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