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Canada (509,645)
York University (35,302)
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ECON 1010 (200)
Lecture

MACRO 21---Monitoring Jobs and Inflation.docx

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Department
Economics
Course
ECON 1010
Professor
John Paschakis
Semester
Winter

Description
Monitoring Jobs and Inflation  The economic cost of employment: 1) Lost production and income….. 2) Lost Human Capital  Knowledge becomes absolute with time ( if its not used)  Labour force Canada divides the population into 2 groups: 1)the working age pop’ltotal # of ppl 15 and over and 2) others who are too young to work or who live in institutions and are unable to work.  The working age population1)in the labour force( employed and unemployed); not in the labour force( ppl in school full time and ppl retierd from work)  Labour force= employed + not employed
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