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The table below shows labour force information for a hypothetical economy, Selkirk. Answer the following questions, writing out millions of workers to two decimal places
The table below shows labour force information for a hypothetical economy, Selkirk. Answer the following questions, writing out millions of workers to two decimal places e.g. 1.00 million and percentages to one decimal place e.g. 1.0%. 1 a. The Selkirk's labour force population in 2019 is million while the labour force is million. The participation rate in 2019 is % and the official unemployment rate is %. The Selkirk's labour force population in 2020 is million while the labour force is million. The participation rate in 2020 is % and the official unemployment rate is %. b. Between 2019 and 2020 the Selkirk's official unemployment rate has while the number of unemployed members of the labour force has c. If the unemployment rate included underemployed and discouraged workers, the Selkirk's unemployment rate would be 2019 and % in 2020
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