Part A: Unemployment a. The following table shows some labour characteristics for a sub-group of the Canadian population

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Part A Unemployment A The Following Table Shows Some Labour Characteristics For A Sub Group Of The Canadian Population 1 (152.53 KiB) Viewed 18 times

Part A: Unemployment a. The following table shows some labour characteristics for a sub-group of the Canadian population in 1990, 1994, 2010 and 2016 (Statistics Canada, Tables14-10-0287-01). The columns are the population of that sub-groups (Pop), the labour force (LF), the employment (E), the unemployments(U), the unemployment rate (UR), the participation rate (PR) and the employment rate (ER). The first four columns are in thousands of individuals and the last three in percentage. Fill the empty cells. Round your answers to the nearest first decimal using the same measurement units. Labour characteristics for a sub-group of the Canadian population in 1990, 1994, 2010 and 2016 (Statistics Canada, Table 14-10- 0287-01) Year 1990 1994 2010 2016 Pop Number 10805 11404 Number Number 14012 LF 6319 6563 Number 9201 E 5807 5920 Number Number U 512 643 631 Number UR Number 9.797 7.215 Number PR Number 57.55 Number 61.295 ER Number 51.912 Number b. Using the above table, what is the new unemployment rate in 1994 if 20 thousand unemployed workers stop looking for a job? Express your answer in percentage rounded to the nearest first decimal. 57.471 c. Using the above table, suppose that the 1.5% of the labour force become unemployed every month in 1994. What is the approximated duration of unemployment on average in months? Round your answer to the nearest first decimal.