Civilian People 16-64 Years Old by Employment Status Fill in the blank cells bel
ID: 2412161 • Letter: C
Question
Civilian People 16-64 Years Old by Employment Status
Fill in the blank cells below. Show how you get your results. Civilian People 16-64 Years Old by Employment Status State A State W 3,100,4141,154493 694,425 2259,288 Civilian Pop 16-64 Employed Unemployed Civilian Labor Force Not in Labor Force Unemployment Rate 1,962,852 Suppose, due to decent economic growth, the number of employed people next year increases by 8% while the number of unemployed increases by 4%. At the same time, the number of those not-in-the-labor-force remains the same. Calculate next year's unemployment rate for State A and State W.Explanation / Answer
Answer)
Unemployment rate:
(Unemployed/total Labour force)×100
Unemployment rate in state A:
[(137225×104%)/[(1962852×108%)+(137225×104%)]]×100
=6.31%
Unemployment rate in state W:
[(59288×104%)/[(694425×108%)+(59288×104%)]]×100
=7.6%