Calculate the labour force participation

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Question 1A

The table below reports some labour market figures for a hypothetical country, Blefuscu in 2005. Assume that there are only two types of employment: full time and part time. Everyone who is not employed is unemployed. Calculate the Labour force participation and ii) unemployment rate. Show all your calculations.

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Population

1,300,000

Working age population

850,000

Number of people Not in the labour force

297,500

Part-time employment as a percentage of total employment

20%

Number of full-time employees

416,364

Rate of

Reference no: EM131061712

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