Purchase Solution

Calculating Unemployment and Participation Rate

Not what you're looking for?

Ask Custom Question

Using the information in the following table to calculate the unemployment rate and the labor force participation rate.

Component Number of people (millions)

Total population 300

Working-age population 258

Employed 145

Unemployed 10.

Purchase this Solution
Solution Summary

Solution calculates unemployment rate and participation rate from the information given.

Solution provided by:
Lokesh Jain, MSc
Education
  • BEng (Hons) , Birla Institute of Technology and Science, India
  • MSc (Hons) , Birla Institute of Technology and Science, India
Recent Feedback
  • "Thank you"
  • "Really great step by step solution"
  • "I had tried another service before Brain Mass and they pale in comparison. This was perfect."
  • "Thanks Again! This is totally a great service!"
  • "Thank you so much for your help!"
Purchase this Solution
Free BrainMass Quizzes
Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

View More Free Quizzes
Related BrainMass Solutions

  • Unemployment Information

    14625 Calculating Unemployment Information Unemployment data: Total Unemployment Labor Force Population Year Employment Rate (%) Participation Rate (%) (Millions

  • Labor force participation, Unemployment, Employment rate

    Employment Rate Employment Rate= # Employed/Total labor force= 0.9513 =142,700,000 / 150,000,000 or 95.13%. The solution discusses labor force participation, uneployment, and employment rate.

  • Measuring Unemployment

    The solution determines the impact of the labor force participation rate, the size of the labor force, and the unemployment rate.

  • labor-force participation rate in Arbitland

    If labor force includes everyone age 16 and older who is actually working or seeking for a job, then: b. What is the labor-force participation rate in Arbitland? c. What is the unemployment rate in Arbitland? a.

  • Labor Force Participation Rate Calculation

    Labor force participation rate b. Unemployment rate c.

  • Concerns in Today's Ecomoy: Unemployment and the Economy

    Does the labor force participation rate effect the unemployment rates reported in the media? How is unemployment measured and reported? What is a discouraged worker? Are they included in the basic unemployment rate?

  • labor force participation rate

    Unemployment rate = No of people unemployed / Labor force * 100 = 6/139*100=4.317% Labor force participation rate = labor force / working age population *100=139/207*100=67.15% Hope this will help.

  • Computation of job losses/displacement in an economy

    386819 Computation of job losses/displacement in an economy Assume an economy with steady-state unemployment. the separation rate is 2.5% per month and the finding rate is 47.5% per month. the adult population is 120 million workers and the labor-force

  • Four kinds of unemployment

    90220 Measuring Unemployment In the country of Leducistan, a mass migration of refugees found solace within its borders and all of them sought work. What will happen to the country's unemployment rate and labor force participation rates?

View More Related Solutions