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QUESTION
The current labour force is 159,486 and the labour force participation rate is 62.7%. If there are 11,334 people unemployed, what is the unemployment...
The current labour force is 159,486 and the labour force participation rate is 62.7%.
If there are 11,334 people unemployed, what is the unemployment rate?
Suppose that the size of the labour force increases by 20,000 people. What would happen to the unemployment rate? Assume that the number of people unemployed does not change.
