ECON 1BB3 Lecture 13: lecture 13

• School: McMaster University
• Department: Economics
• Course: ECON 1BB3
• Professor: Bridget O' Shaughnessy

Document Summary

Is unemployment necessarily bad? y statistics canada divides the non-institutional adult population into three categories: (15 and older: employed, unemployed- activity/ looking, able to work, not in labour force- not looking- not working. Unemployment rate = # of unemployed x 100. Employment rate = # of employed x 100. Adult population y statistics canada s labour force characteristics (september, 2011) Tara has just finished school but she is going to roam around the country awhile before she starts looking for work. As a result the unemployment rate: increases and the labour force participation rate increases, is unaffected and the labour force participation rate is unaffected, increases and the labour force participation rate is unaffected. Between 2001 and 2002, the country of aquilonia reported an increase in the number of people who were employed. It also reported an increase in the unemployment rate.