Textbook Notes (368,651)
Canada (162,033)
Economics (923)
ECN 204 (282)
Chapter 9

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ECN 204
Christos Shiamptanis

Chapter 9 Unemployment and Its Natural RatethFebruary 8 2012Identifying unemployment Produced by STATS CANData collected by surveying ppl Based on adult population 15years or older Labour force STATSThey divide pop into 3 groups Employed a person considered if he or she has spent most of the previous week working at a paid jobUnemployedtemporarily layoff is looking for a job or is waiting for the start date of a new job Not in the labour forceeveryone else retired students ppl dont want a job Labour forcetotalemployed and unemployed Unemployment Rate100 xunemployedLabour forceLabour force participation rate 100 x labour forceadult populationEX Labour force17180 149318673 thousandUnemployment rate149318673 x 1008 Adult population18673906227735 LFPR1867327735 x 100673Labour market experiences of various demographics groups Unemployment is increasing this year bc more people are looking
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