ECO 1102 Lecture Notes - Lecture 13: Atlantic Canada
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13 Apr 2016
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Adult population ("11): employed + unemployed + not in labour force = 27. 99 million. Labour force (active population): employed + unemployed = 18. 70 million. > > retirees, stay at homes and disabled people aren"t in the labour force. > hired, but waiting to start to work within a month or on layoff expecting recall. *eq* explain the difference between the unemployed and not in labour force: > unemployed are not employed but are actively searching for work, nlf are jobless but aren"t actively seeking work. Unemployment rate = (# of unemployed people / labour force) * 100. Labour force participation rate = (labour force / working age population) * 100. Employment to population rate = (# of employed people / working age population) * 100. Employment = 18 million (rose) unemployment = 1. 4 million (got rose from a year ago) Labour force = 19. 4 million (rose but it could be from collage graduates or new immigrants)
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Suppose a government report about aâ country's employment situation reveals the following dataâ (all values are in millions ofâ people).
240 | â= | âWorking-age population |
110 | â= | Employed people |
26 | â= | People not working but actively looking for work |
28 | â= | Unemployed people who have stopped looking for work |
76 | â= | People not working and not seeking work |
If the country in question is the Unitedâ States, these data are obtained from household surveys
.
From the dataâ above, it can be determined that thisâ country's labor force is ? million people.
If someone could help me answer the question mark in bold it would be much apprecaited. Thanks!