ECN 204 Lecture Notes - Lecture 9: Labour Force Survey, Uric Acid, Frictional Unemployment
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Readings: chapter 9 (please read the related topics from other introductory level of macroeconomics textbooks for your own benefits). You have to make your own note from lecture. In this chapter, look for the answers to these questions: Identifying unemployment: produced by statistics canada, based on regular survey of 50,000 households = labour force survey, based on adult population (15 yrs or older) % of the labour force that is unemployed u rate. % of the adult population that is in the labour force labor force participation rate = A c t i v e l e a r n i n g 1. Compute the labour force, u-rate, adult population, and labour force participation rate using this data: Adult population of canada by group (x 1000), august 2010. = labour force + not in labour force. Lf partic. rate = 100 x (labour force)/(population)
