The unemployment rate, The unemployment rate

The unemployment rate

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Reference no: EM13532100

2. In July 2009, in the economy of Sandy Island, 10000 people were employed, 1000 were unemployed, and 5000 were not in the labor force. During August 2009, 80 people lost their jobs and didn't look for new ones, 20 people quit their jobs and retired, 150 unemployed people were hired, 50 people quit the labor force, and 40 people entered the labor force to look for work. Calculate for July 2009:

a) The unemployment rate

b) The employment-to-population ratio. And calculate for the end of August 2009

c) The number of people unemployed

d) The number of people employed

e) The unemployment rate

Reference no: EM13532100

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The unemployment rate : The unemployment rate

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