Question
The table gives information about the labour market in AprilApril 2017 in the economy of Sandy Island. Calculate for AprilApril 2017 a. The unemployment rate
The table gives information about the labour market in
AprilApril
2017 in the economy of Sandy Island.
Calculate for
AprilApril
2017
a. The unemployment rate
b. The employment rate
And calculate for the end of
MayMay
2017
c. The number of people unemployed, the number employed, and the unemployment rate
>>> Answer to 1 decimal place.
Labour Market Data | Number | |
In AprilApril 2017 | ||
Employed | 18 comma 00018,000 | |
Unemployed | 2 comma 0002,000 | |
Not in labour force | 6 comma 0006,000 | |
During MayMay 2017 | ||
Lost jobs and didn't look for new jobs | 8080 | |
Quit jobs and retired | 2020 | |
Unemployed who were hired | 150150 | |
Left the labour force | 3030 | |
Entered the labour force to look for work | 5050 |
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