Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The population of Malaysia was estimated to be 33,140,178. Malaysia's labour force continued to see improvements in January 2022, with all states having moved to

image text in transcribed
The population of Malaysia was estimated to be 33,140,178. Malaysia's labour force continued to see improvements in January 2022, with all states having moved to Phase Four of the National Recovery Plan. This growth was led by the continuous rise in employment while unemployed trended down. The Malaysia had a labor force of 15,690,000 and unemployment of 680,000, the Department of Statistics Malaysia (DOSM, 2022). Answer the following questions and show your workings. a) Calculate the unemployment rate. (2 Marks) b) Calculate the participation rate. (2 Marks) c) Calculate the employment ratio. (2 Marks) d) Recalculate the unemployment rate if 1 million previously discouraged workers re-enter the workforce and start looking for work but do not immediately find employment. (4 Marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Global Strategy

Authors: Mike W. Peng

5th Edition

9780357512364

Students also viewed these Economics questions