Labour force and unemployment

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Reference no: EM132961737

Research Assignment #3: Labour Force and Unemployment
You need to find information on the rate of unemployment, the rate of employment, and the participation rate, annually from 2000 to 2020 (or to the latest year available), for your selected country.
a. Create a table of the key categories of labour (in millions) and key labour ratios (%) for your selected country, for the most recent year for which data are available (probably 2019 or 2020). You can use the Excel table from the lecture to enter the data and generate the ratios (but you don't have to): a picture of the Excel table is below, and the actual Excel table that you can enter numbers into is in the same folder as these instructions.
b. Create graphs for 2000 to 2020 of:
i. Employment rate and Labour Force (Participation1) Rate, for your selected country only, on the same graph
(consider what the gap between these two lines represents)
ii. Unemployment rate, on a separate graph, for your selected country and for Canada
c. Describe the trends and volatility in these rates for your country over time, how these differ to Canada for the unemployment rate, any significant changes that took place during the period.
d. You are advising a potential foreign financial investor about investing funds into your selected country: does the rate of unemployment in recent years give you any cause for concern about the state of the economy and the possible need for tough economic policies in the near future to tackle unemployment?

DATA
The UN's International Labour Organization (ILO) is the main source of global employment data. It allows you to create a Table of data to complete the Labour Categories table for your selected country; and it will create graphs of various categories of labour (in millions of people) and rates (%):

Attachment:- Research Assignment Instructions 3.rar

Reference no: EM132961737

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