ECO 1102 Lecture Notes - Lecture 9: Labour Force Survey, Unemployment Benefits, Uric Acid
29 Feb 2016
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ECO 1102 Full Course Notes
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Eco1102, chapter 9: unemployment and its natural rate. The problem of unemployment is usually divided into two categories: the long-run problem, the short-run problem economy normally experiences. the natural rate. The economy"s natural rate of unemployment refers to the amount of unemployment the. Cyclical unemployment refers to the year-to-year fluctuations in unemployment around. Every month, statistics canada (sc) conducts the labour force survey (lfs). From the results of the survey, each adult (aged 15 and older) from the survey is either: homemaker) Figure 9. 1: the breakdown of the population in 2011. Once the surveyed individuals are categorized, then sc will compute various statistics. Labour force: the total number of workers, including both the employed and the unemployed. Unemployment rate: the percentage of the labour force that is unemployed. Labour force participation rate: he percentage of the adult population that is in the labour force. Compute the labour force, u-rate, adult population, and labour force participation rate using this data:
