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The table gives information about the labour market in July 2017 in the economy 0f Sandy Island. Labour Market Data Number Calculate for July 2017

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The table gives information about the labour market in July 2017 in the economy 0f Sandy Island. Labour Market Data Number Calculate for July 2017 In July 2017 a. The unemployment rate b. The employment rate Employed 20'000 Unemployed 1,000 And calculate for the end of August 2017 Not in labour force 3,000 c. The number of people unemployed, the number employed, and the . unemployment rate During August 20" Lostjobs and didn't look for new jobs 100 >>> Answer to 1 decimal place. Quit jobs and retired 30 In July 2017: Unemployed who were hired 150 The unemployment rate is I: percent. LB the labour force 40 Entered the labour force to look for work 40

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