Calculate the labour force participation

Reference no: EM131061712

Question 1A

The table below reports some labour market figures for a hypothetical country, Blefuscu in 2005. Assume that there are only two types of employment: full time and part time. Everyone who is not employed is unemployed. Calculate the Labour force participation and ii) unemployment rate. Show all your calculations.

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Population	1,300,000
Working age population	850,000
Number of people Not in the labour force	297,500
Part-time employment as a percentage of total employment	20%
Number of full-time employees	416,364
Rate of

Reference no: EM131061712

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