QUESTION 3

Please enter only the numbers (no commas, dollar signs etc.) in spaces provided

We are given the following information for UWI Land. At the start of the period, there are 334,250 employed workers, 15,750 unemployed and 150000, not in the labour force. During the period 500 workers lost their jobs but are currently looking for a new one; 1000 employed workers decided to retire; 2500 were unemployed but just started a new job. Of the workers not in the labour force 5000 workers entered the labour force but are still looking for a job and 211000 workers just found a job.

• How many workers are employed? _______
• How many workers are unemployed ? _______
• How many workers were in the labour force ? ________
• How many workers were not in the labour force? _______
• Calculate the unemployment rate. _______%
• Calculate the labour force participation rate. _______%
• Calculate the employment to the population ratio. (Using 1 decimal place ______%