The following table is for the new Canadian province of Bobaloo for 2021. Working age population...
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The following table is for the new Canadian province of Bobaloo for 2021. Working age population 500 Number of people in full-time employment 160 Number of people in part-time employment 65 Number of people receiving seniors benefits 65 Number of people in the armed forces 35 Number of people in penal institutions 8 Number of unemployed 25 Number of discouraged workers 15 a) What is the labour force? b) What is the unemployment rate? c) What is the participation rate? The following table is for the new Canadian province of Bobaloo for 2021. Working age population 500 Number of people in full-time employment 160 Number of people in part-time employment 65 Number of people receiving seniors benefits 65 Number of people in the armed forces 35 Number of people in penal institutions 8 Number of unemployed 25 Number of discouraged workers 15 a) What is the labour force? b) What is the unemployment rate? c) What is the participation rate?
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