Question: The table below shows labour force information for a hypothetical economy, Selkirk. Answer the following questions, writing out millions of workers to two decimal places
The table below shows labour force information for a hypothetical economy, Selkirk. Answer the following questions, writing out millions of workers to two decimal places e.g. 1.00 million and percentages to one decimal place e.g. 1.0%.
20192020Total population 15 years and over4.20 million4.20 millionThose 15 years and over not in the labour force population1.40 million1.40 millionPart-time workers who wish to have full-time jobs90,000115,000Part-time workers who do not wish to have full-time jobs270,000345,000Discouraged workers360,000460,000Workers with full-time jobs1.20 million1.30 millionUnemployed members of the labour force130,000140,000
a. The Selkirk's labour force population in 2019 ismillion while the labour force ismillion.
The participation rate in 2019 is% and the official unemployment rate is%.
The Selkirk's labour force population in 2020 ismillion while the labour force ismillion.
The participation rate in 2020 is% and the official unemployment rate is%.
b. Between 2019 and 2020 the Selkirk's official unemployment rate has
(Click to select)
decreased
increased
while the number of unemployed members of the labour force has
(Click to select)
increased
decreased
.
c. If the unemployment rate included underemployed and discouraged workers, the Selkirk's unemployment rate would be% in 2019 and% in 2020.
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