ECON 1000 Chapter Notes - Chapter 9: Uric Acid, Frictional Unemployment, Structural Unemployment
29 Nov 2017
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Chapter 9 unemployment and its natural rate. How is unemployment measured: statistics canada (sc) conducts the labor force survey (lfs, data are collected on, unemployment, employment, length of workweek, duration of unemployment. Various statistics: labor force: labor force: the total number of workers, including both the employed and the unemployed, lf = no. Of employed + no. of unemployed: unemployment rate: the percentage of the labor force that is unemployed. Various statistics: labor force participation rate: labor force participation rate: the percentage of the adult that is in the labor force. Compute the labor force, u-rate, adult population, and labor force participation rate using. Adult population of canada by group (x1000), sept. 2013. Labor-force participation rates for men and women since 1951. Does the unemployment rate measure what we want it to: movements into and out of the labor force. Individuals who would like to work but have given up looking for a job.
