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Lecture 9

ECON 105 Lecture Notes - Lecture 9: Trade Union, Absenteeism, Price Floor


Department
Economics
Course Code
ECON 105
Professor
Kenneth Lam
Lecture
9

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
Unemployment rate=¿of Unemployed
Labour force x100
Labour Force participation rate=Labour Force
Adult Population x100


 !"!#
$ #%
!"!
 &
'( 

)!
&
*
+,
-,
,.
,/
0,
!,
20
90 x100 =22.22
1!2
#
3,4
3,

Only pages 1-3 are available for preview. Some parts have been intentionally blurred.

3,45
Unemployment.
06!(#!!
&7!!!'
(7 8#!!&
 
!##
&
+90:+!
! 2!!
 &
!!!#
: ;#
!!!#!2&
: %!!# #
!&
-!!!!<!!
%4!&=
!%!!!!
4!<!!!&
!!!

:  
!!9:#
 >
:  !!
$# 
>
:  !!
%!!!!
# &
/

Only pages 1-3 are available for preview. Some parts have been intentionally blurred.

3'(
&
+!! %#
  &
+'(
 &
The unemployment rate: the percentage of the labour
force that is unemployed.
The labour-force participation rate: the percentage of
the working age population that is in the labour force.
*/&1#8&?
&/
&?&"&
: ',8&?@&/
,?&4.
: ,
(
1.52
18.37
)
x100=6.8
: 7!/.&4#
',
18.37
27.31 x100=67.3
!.&5#
3!!
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# !
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#  
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