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The following data was extracted from a past labour force survey conducted by the ABS: Labour force: 12,092,000 Employment: 11,457,000 Working-age population: 18,462,000 Using the
The following data was extracted from a past labour force survey conducted by the ABS:
Labour force: 12,092,000
Employment: 11,457,000
Working-age population: 18,462,000
Using the above data appropriately calculate the following: (3 marks each; total 6 marks)
i.Unemployment rate.
ii.Labour force participation rate.
iii.Employment-to-population ratio.
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