Class Notes (835,428)
Canada (509,186)
Economics (1,617)
ECON 1BB3 (535)
Lecture 13

lecture 13

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Department
Economics
Course
ECON 1BB3
Professor
Bridget O' Shaughnessy
Semester
Winter

Description
Is unemployment necessarily bady Statistics Canada divides the noninstitutional adult population into three categories 15 and older 1 Employed 2 Unemployed activity looking able to work 3 Not in labour force not looking not working All three categories are mutually exclusive Unemployment rate of unemployedx 100Labour force LFPRlabour force x100Adult population Employment rate of employed x 100 Adult population y Statistics Canadas labour force characteristics September 2011Thousands Labour force 187337 Unemployed 13342 Employed 173996 Adult population 280571Example 1 Tara has just finished
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