Question

Fill in the missing values in the table of data collected in a labour force survey in October 2015 for a particular region. (Round your responses for unemployment and labour fo employment-population ratio to one decimal place.) Value 19,414,100 Working Age Population Employment Unemployment Unemployment rate Labour force Labour force participation rate Employment-population ratio

Answer 1

Working age population	30,926,483
Employment	19,414,100
Unemployment	1,461,276
Unemployment Rate	7%
Labor Force	20,875,376
Labor force participation rate	67.5%
Employment Population Ratio	62.8%

Labour force = Employed + Unemployed

Unemployed Unemployment Rate = Labor force x 100

Unemployed Unemployment Rate = Employed + Unemployed

=> 0.07(19,414, 100+ Unemployed) = Unemployed

= 0.07 x 19, 414, 100 = Unemployed – 0.07Unemployed

0.93Unemployed = 1,358,987

13,589,870 Unemployed = = 0.93

Unemployed 1, 461,276

Labor Force = 19,414,100 + 1,461,276 = 20,875,376

Labor force participation rate = Labor force / Adult population

0.675 = 20,875,376 / Adult population

Adult population = 20,875,376/0.675

Adult population = 30,926,483

Employment Population ratio = (19,414,100/30,926,483)×100 = 62.8%

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