Problem
The following table shows the labor-market data for Canada
|
Employed
|
19,548,000
|
|
Frictionally unemployed
|
81,600
|
|
Structurally unemployed
|
36,000
|
|
Cyclically unemployed
|
108,000
|
|
Not in the labor force
|
160,672
|
• Calculate the unemployment rate.
• Calculate the labor force participation rate.
• Calculate the unemployment rate (separately) for each unemployment category.