Question: Statistics Canada reported the following data for Ontario in May and June in 2011: The unemployment rate fell from 8.3 percent to 7.6 percent. The

Statistics Canada reported the following data for Ontario in May and June in 2011: The unemployment rate fell from 8.3 percent to 7.6 percent. The employment-to-population ratio increased from 62.2 percent to 63 percent and the labour force participation rate increased from 67.9 percent to 68.2 percent.
a. Did the number employed increase by more than the number unemployed fell? How can you tell?
b. If the number employed did increase by more than the number unemployed fell, what happened to the number of marginally attached workers?

Step by Step Solution

★★★★★

3.41 Rating (176 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a Because the labour force participation rate has increase... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

698-B-E-M-E (4998).docx

120 KBs Word File

Students Have Also Explored These Related Economics Questions!

Statistics Canada reported the following data for June 2011: Labour force: 19,021,600 Employment: 17,693,300 Working-age population: 27,975,700 Calculate the a. Unemployment rate. b. Labour force...

The Statistics Canada reported the following data for June 2011: Labour force participation rate: 68 percent Working-age population: 27,975,700 Employment-to-population ratio: 63.2 a. Labour force....

Statistics Canada reported the following sales of alcoholic beverages in Ontario and Quebec for the year 2009. (All figures are in $ millions.) If Ontarians had allocated their total expenditures on...

The Statistics Canada reported the following data for Ontario in May and June in2011: The unemployment rate fell from 8.3 percent to 7.6 percent. The employment rate increased from 62.2 percent to 63...

I need help with writhing a financial statement analysis report about Company Sprint Airline. I have attached the documents including the overview of the project and the template of it and example of...

What 3 questions come to mind as you read the article Explain how you came up with the question and why it interests you The Financial and Economic Crisis of 2008: A Systemic Crisis of Neoliberal...

2:45PM Sat Oct 12 LX) & online.hiram.edu Currency Tracking Project Later in this course, we will analyze a very challenging accounting topic foreign currency exchange and its impact on a business...

Case Study - Currency Crisis in the United Kingdom and Hong Kong , my question is Discuss factors that cause and contribute to changes in currency exchange rates and a firm?s exposure to exchange...

My questions Define currency risk Discuss factors that cause and contribute to changes in currency exchange rates and a firms exposure to exchange rate fluctuations. Issue #1: Issue #2: Discuss how...

Canadianinflationslowed in July as consumers paid much less for gasoline, marking what could be the start of a long journey back to low and stable rates of price growth. The Consumer Price Index rose...

Comment on the statement: "Just talking about entropy increases its value in the universe."

a. Based on these data, calculate the following for 2008 and 2007: 1. Days' sales in receivables (use trade receivables) 2. Accounts receivable turnover (use gross trade receivables at year-end) 3....

Problem 6 - 2 2 Bond Yields [ lO 2 ] Uliana Company wants to issue new 1 8 - year bonds for some much - needed expansion projects. The company currently has 9 . 9 percent coupon bonds on the market...

Assume the aggregate demand and aggregate supply curves intersect at a price level of

Return to the hypothetical economy in Test Yourself Question 1, and now suppose that both taxes and government purchases are increased by $120. Find the new equilibrium under the assumption that...

Suppose you are put in charge of fiscal policy for the economy described in Test Yourself Question 1. There is an inflationary gap, and you want to reduce income by $120. What specific actions can...

Now put yourself in charge of the economy in Test Yourself Question 2, and suppose that full employment comes at a GDP of $1,840. How can you push income up to that level?

Conduct a current health insurance situation analysis for the Bedos. Be sure to assess the following: a. The after-tax costs of their current plans compared to purchasing an individual policy. b. The...

Question 2 Suppose Jack, president of Heart Limited has hired you to advise on the firm's cost of capital. (a) Based on the most recent financial statements, Heart's total liabilities are $8 million....

A company's wealth, measured in millions of Gils, is assumed to follow an arithmetic Brownian motion, so that for all t 0 Xt = Xo+pt+oWt, = with coefficients 10 Gils.month-, o = 1000 Gils.month-1/2,...