MGEA06H3 Lecture Notes - Lecture 2: Labour Force Survey, National Research Universal Reactor, Employment-To-Population Ratio

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MGEA06H3 Full Course Notes
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MGEA06H3 Full Course Notes
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Cha pter 8 une mplo y ment and i nflatio n i ne. Un e m p l o y m e nt r a te. Statistics canada carries out a monthly survey called the labour force. Survey by interviewing a random sample of 56000 households across. Once we classify our adult population in these 3 groups, we can calculate the followings: Labour force (lf) = # of employed + # of unemployed. The labour-force participation rate (lfpr) = the percentage of adult population that is in the labour force: Labour -force participation rate (adult population / labour force) x 100. Unemployment rate (ur) = the percentage of the labour force that is unemployed: Unemployment rate (# of unemployed/ labour force) x 100% Employment rate (er) = the percentage of adult population that is employed: employment rate (# of employed/ adult population) x 100% *** note: employment rate is n o t equal to 1 the unemployment rate.

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