Summarize the unemployment rate

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Reference no: EM133203223 , Length: Words Count:650

Assignment:

Topic/s of Primary Focus: GDP, Unemployment and Inflation

Refer to the *either* the

March 2022 Labour Force Survey data,

April 2022 Labour Force Survey data,

Note that as new Labour Force Data will be published just several days before the due date of this assignment I am giving you the option to analyse the March 2022 data if you wish to prepare the assignment prior to the publication of the new data. Or if you do not commence the assignment until a few days before it is due, you can use the more recent April data. Please do not accidently switch between these options or become confused when the new data becomes available at the ‘latest release' link.

In particular, refer to the Key Statistics dot-points and table at the top of these pages for the key information.

Task:

Summarise in your own words the unemployment rate and related figures for the selected month. Explain what is represented by this data, such that a non-economist would better be able to understand its meaning.

You should in particular aim to incorporate elements of understanding that have come from this course, such as what it means to be ‘unemployed' and to be ‘in the labour force' and so on, to provide a clearer interpretation of the meaning behind these numbers.

(For example, you can imagine that you are writing a short summary article for a newspaper that is aimed at a general audience. Although you do not need to follow this format stylistically.)

Format:

The format of your response should be an essay-style response.

You do not need subheadings or subsections.

You do not need to spend as much attention on formal essay structure as you might for a persuasive or research-based essay. Instead you should focus on communicating your ideas in a clear and concise manner and making sure there is a logical flow of ideas and explanation.

Word Limit:

650 words (excluding diagrams and references)

Diagrams:

Unlike previous weeks, this task does not necessarily require diagrams. However you may choose to use diagrams if you wish.

If you wish to include other diagrams, tables, or figures from sources such as the ABS, make sure that you include an appropriate reference.

Reference no: EM133203223

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