Unemployment Question The small country of Macroland has a population of 100,000 people over 18 years of age and under 65 years of age. There are 50,000 people under 18 years of age and 20,000 people over 65 years of age. The number of people between the ages of 18 and 65 who are looking for work is 20,000, and the number who have jobs is 50,000. With this information, answer the following questions. Show your work. These are the numbers for the month of January.

Now let's say there were some changes in February. Of the people between 18 and 65 years old in Macroland, around 2,000 who were looking for work left the labor market and stopped looking for work. Additionally, 8,000 people who were previously unemployed in January found work in February. However, 3,000 who had jobs in January lost their jobs, and all qualify for unemployment insurance and are looking for work. With this information, answer the following questions. Show your work.

What is Macrolandia's workforce for people between 18 and 65 years old in February?

 What is Macroland's unemployment rate for people ages 18 to 65 in February?

 How many discouraged workers are there in February?

Answer rating: 100% (QA)

1 What is Macrolandias workforce for people between 18 and 65 years old in February To calculate the ... View the full answer