Question
The table below shows labour force information for a hypothetical economy, Assiniboia. Finding Participation and Unemployment Rates in Assiniboia 2019 2020 Total population 15 years
The table below shows labour force information for a hypothetical economy, Assiniboia.
Finding Participation and Unemployment Rates in Assiniboia | ||
2019 | 2020 | |
Total population 15 years and over | 19.5 million | 19.8 million |
Those 15 years and over not in the labour force population | 3.1 million | 3.2 million |
Workers with part-time jobs | 2.00 million | 2.25 million |
Workers with full-time jobs | 11.0 million | 11.1 million |
Unemployed members of the labour force | 600,000 | 650,000 |
a. Calculate Assiniboia’s labour force population, labour force, participation rate, and official unemployment rate in 2019. Then, calculate values for the same variables in 2020. Enter your responses rounded to 1 decimal place.
2019 | 2020 | |
Labour Force Population | million | million |
Labour Force | million | million |
Participation Rate | % | % |
Official Unemployment rate | % | % |
b. Has Assiniboia’s official unemployment rate risen or fallen between 2019 and 2020? Has the number of unemployed members of the workforce risen or fallen during this same period?
Assiniboia’s official unemployment rate (Click to select) has risen have fallen .
Number of unemployed members of the workforce (Click to select) has risen have fallen .
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