Question: Question 2 [18 points] The following table shows labour force figures in the European Union (EU-27) in the years from 2007 to 2011. Number Number
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Question 2 [18 points] The following table shows labour force figures in the European Union (EU-27) in the years from 2007 to 2011. Number Number Labor Force Unemployment Not in the labor Unemployed Employed (in Participation Rate force Year (in thousands) thousands) Rate (in thousands) 2007 65.30% 7.20% 123,106 121,510 2008 65.80% 7.10% 64.50% 9.00% 129,040 20092010 22,765 210,441 64.2% 2011 22,868 210,449 64.2% a) Find the labour force, the working-age population, the number of employed and the number of unemployed workers in 2007 and 2008 using the data given in the following table. [8 points] b) Compute the labour force, employment rate, unemployment rate, and the adult population for the years 2010 and 2011. [6 points] 0) In which year (from 2007 to 2011) did the European Union witness the sharpest change in the unemployment rate? [4 points]
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