Consider the following labour data compiled by a government agency:
June 2019
July 2019
June to July 2019
July 2018 to July 2019
Seasonally adjusted
in thousands
in thousands
change in thousands
Both sexes, 15 years and over
Population
30 466.3
30 508.7
42.4
449.9
Labour force
20 531.5
20 541.0
9.5
340.0
Employment
18 908.8
18898.6
-10.2
443.1
Unemployment
1 622.7
1 642.3
19.6
-93.1
a. Between July 2018 and July 2019, employment has increased by 443,100 workers, but the labour force increased by only 340,000 workers. Explain the difference in these numbers. Is it possible that the increase in labour force is greater than the increase in employment?
b. During the same period, employment increased by 443,100 workers, but unemployment decreased by only 93,100. Are these data plausible? How could this difference be explained?
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q182: Suppose the labour market in the house
Q183: A government agency provides labour data as
Q184: Consider an economy where population increases, which
Q186: Suppose the market for landscape workers in
Q188: Teenage unemployment is higher than unemployment of
Q189: What is the theory of efficiency wages?
Q190: (Challenging) Draw a firm's labour demand curve
Q191: Cyclical unemployment and the natural rate of
Q192: ...
Q287: Suppose that there is an excess supply
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents